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Egypt Eyes Energy Revival With Zohr Gas Field Expansion

Egypt In-Focus – Investments worth $1 2bn planned for Zohr field in 2023-2024, says Petrobel chairman

RIYADH: Seeking to expand production from the largest Mediterranean gas field, Khaled Mowafi, chairman of Belayim Petroleum Co., has announced Egyptian authorities will invest $1.2 billion during the fiscal year 2023-2024 in the Zohr gas field. The company, also known as Petrobel, is a joint firm between the Italian giant ENI and the state-owned Egyptian General Petroleum

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