Egypt Anticipates Investment in Zohr Gas Field to Reach $15 Billion

The Egyptian Cabinet estimated in a statement on Monday that "investments in the Zohr gas field will reach $15 billion over the next three years." It added that "the offshore field is operating at maximum efficiency and full production capacity, and there are no technical issues with the field." The Cabinet confirmed that "there is no truth to claims of technical problems in the Zohr field that have caused a decline in natural gas production capacity that threatens its operational status," emphasizing that the Zohr field is working at maximum efficiency and full production capacity. It also noted that "work is currently ongoing to drill well number 20 in the field."