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Petroleum: We seek to increase production of crude oil and place auctions in front of international companies


Hamdy Abdel Aziz, a spokesman for the Ministry of Petroleum, revealed the ministry’s strategy to increase the production of petroleum products, indicating that there is a strategy that is currently being implemented and among its priorities is the provision of petroleum products and natural gas to the local market. The strategy for natural gas has been activated, and there is no longer any import of natural gas. There is a surplus, and quantities of natural gas are being exported.


The spokesman for the Ministry of Petroleum added, in statements to the "confrontation" program, broadcast on Extra News channel, that gasoline and diesel products are partly imported from abroad for the sufficiency of the local market, and we are now seeking to increase production and reserves of crude oil, and to place auctions in front of international companies.


A spokesman for the Ministry of Petroleum pointed out that the ministry is seeking to conclude petroleum agreements, especially in areas that have not discovered some, such as the Red Sea and the Eastern Mediterranean, and there are great hopes for that and that many discoveries will be made because these international companies are major companies, some of them are the first time Egypt. There are companies operating in Western Sahara, he added: We want to increase production of crude oil, and the refining system for crude oil is adding new production units and developing them.

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