$50 bln more required for middle-and low-income Arab countries to recover from COVID-19: ESCWA    GERD talks between Egypt, Ethiopia and Sudan to continue Saturday    GERD talks between Egypt, Ethiopia and Sudan resume on Friday    Saudi-led coalition destroys four Houthi drones over Yemen    Rudolfo Anaya, 'godfather' of Chicano literature, dies at 82    Liverpool reiterate need for safe celebrations ahead of Villa clash    Egypt and Jordan's Foreign ministers discuss annexation of West Bank    Indigenous leaders angry about coronavirus risk from Brazilian military visit    EU grants conditional clearance to COVID-19 antiviral remdesivir    UN says it is "alarmed" at arrests in Hong Kong, concerned at "vague" law    France's PM Philippe resigns ahead of Cabinet reshuffle    Gulf economies to shrink 7.6% due to coronavirus, decline in oil prices: IMF    UK PM Johnson says of fathering his newborn son: 'I'm pretty hands on'    Japan seeks extradition of Americans accused in Ghosn escape    Ex-FDA official says the worst of the U.S. coronavirus outbreak to end in January    Moderna delays coronavirus vaccine trial – report    Sane completes move to Bayern from Manchester City    Greece starts clearing ground for Athens property plan after long delay    Egypt developing four WHO-registered vaccines to treat coronavirus patients    Lebanon's IMF talks on hold, finance minister says    313 tourists from Switzerland, Belarus arrive in Egypt following flight resumption    Real Madrid close in on La Liga title after edging Getafe    Ethiopia intransigent on GERD issue: ECES seminar experts    Qalaa Holdings records 191% y-o-y increase in revenues during Q1 of 2020    ABB, Hitachi launch $10bn joint power venture    NCW calls for investigating harassment and rape allegations discussed on social media    Egypt's National Election Committee to announce Senate election details    Egypt is developing 4 vaccines, 3 drugs against COVID-19: Higher Education Minister    Italy's Eni unveils new gas discovery off Egyptian Nile Delta coast    Apple to re-close more stores in U.S, bringing total to 77    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Egypt's parliament Oks supplementary spending bill for FY20    Liverpool boss Klopp happy with African Nations Cup postponement    Deadly protests erupt in Ethiopia over killing of popular Oromo singer    Egypt's cultural activities to resume mid-July    At 99, CPC governance legitimacy shines brighter in time of global uncertainty    Federation of Egyptian Banks denies funding GERD: eletreby    Saudi development authority starts executing phase I of giant cultural project    30 June Revolution preserved Egyptian identity from hijack: Al-Sisi    Don't miss Al-Hadra troupe's two concerts at El-Sawy Culturewheel    Egypt's President Sisi opens Baron Empain Palace, two int'l airports    Inauguration of Baron Empain Palace important for Egypt's tourism sector: official    President Al-Sisi inaugurates new national project developments in Cairo    11 coronavirus cases detected at Egyptian Premier League clubs – EFA    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Liverpool's Egyptian winger Salah fit for Crystal Palace clash – coach Klopp    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Egypt saves $350m by improving energy efficiency: Petroleum Ministry
Joining World Bank's Zero Routine Flaring by 2030, says source
Published in Daily News Egypt on 23 - 05 - 2019

The ministry of petroleum succeeded in improving the efficiency of energy consumption in refineries and production units, which contributed to saving about EGP 350m annually.
A source at the ministry of petroleum told Daily News Egypt that Egypt aims to join the World Bank's Zero Routine Flaring by 2030 initiative that aims to eliminate routine flaring no later than 2030.
He added that the ministry is currently preparing the legislative and institutional framework for the generalisation of the energy projects implementation nationwide.
He pointed out that the ministry is seeking to achieve the optimal economic exploitation of assets and contribute to reduce the import of petroleum products and petrochemicals and increase the revenues of those activities to achieve additional returns.
The ministry of petroleum is currently implementing a strategy to turn Egypt into a regional hub for the trade and circulation of gas and oil by benefiting from all the elements and infrastructure enjoyed by Egypt in the field of gas and oil.
Several important steps were accomplished, including the issuance of a gas production regulating law, establishment of a gas regulating agency, and signing of a memorandum of understanding for the strategic partnership in the field of energy with the European Union within the framework of the ongoing strategic dialogue between Egypt and the union in the field of energy.
The ministry increased the country's daily oil production to 31,000 barrels of crude oil, 9,000 barrels of condensates, and 1.5bn scf/day of gas, along with offsetting natural production decline.


Clic here to read the story from its source.