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SECTION 1: UPSTREAM ACTIVITIES
AGREEMENTS, RESEARCH AND EXPLORATION
In the framework of facing the challenges in the global oil and gas markets by increasing production, an intensive work program was implemented during the year to increase oil and gas reserves by issuing international bids and intensifying search and exploration operations, which will reflect positively on increasing the rates of domestic production of oil and gas and lead to a decrease in the amount of imported crude oil and some petroleum products. In this context, the year witnessed a number of positive indicators:
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Results of the Two Digital Bid Rounds by EGAS
This bidround is the third to be launched through the Egypt Upstream Gateway (EUG), which was launched by the ministry in early 2021 as part of a new approach to develop its approach of attracting investments for research and exploration projects by applying the latest international methods and technologies in issuing bids for investors and international companies, and facilitating and digitizing procedures in support of speedy investment decision-making.
Completion of 2nd Phase of 3D Seismic Survey
Location
The Red Sea
Area 6,983 Km2
Cost $60 million
13 Development Leases Areas
The petroleum sector has made a new discovery of natural gas in the Nargis offshore area in the Mediterranean, in which Chevron International is investing. The new discovery, whose reserves are currently being evaluated, is one of the results of the ministry's work strategy in recent years to create an attractive environment for international oil companies to pump their investments to search for gas and oil in Egypt, which succeeded in attracting the two largest international companies, ExxonMobil and Chevron.
EGYPT'S NATURAL GAS
In 2022, the Egyptian natural gas exports hit a new record to reach $8.4 billion.
The petroleum sector succeeded in investing in the government's plan to rationalize electricity consumption, which was approved last August, in providing additional quantities for export, in order to take advantage of the high international prices of LNG.
SECTION 2: MIDSTREAM ACTIVITIES
PETROLEUM PRODUCTS & NATURAL GAS CONSUMPTION
In continuation of the state of complete stability witnessed by the local market in meeting its needs for fuel supplies, the needs of citizens and the various sectors of the state for petroleum products and natural gas were met during the year.
Upgrading Petroleum Products And Natural Gas
Haya Karima Initiative
The policy of the Ministry of Petroleum & Mineral Resources (Mop) aims to raise the level of services provided to citizens to obtain petroleum and gas products in order to achieve the goal of reaching all consumers throughout the Republic in an easy and convenient manner. In this regard, during the year 2022, the following was achieved:
» Transportation and Distribution of Petroleum Products Newly Operated 101
Car Fuel & Services Stations
Butane Cylinders Distribution Centers
18 Newly Added
3,092 Total
» The National Project to Deliver Natural Gas to Residential Units
In continuation of the efforts of the petroleum sector in implementing the national project to deliver natural gas to residential units in line with the state’s policy to create a kind of social justice, especially for the governorates and regions most in need, and to reduce citizens’ troubles in obtaining butane gas cylinders, the use of natural gas has been expanded as a substitute for butane, according to the following:
Natural Gas Delivery to Residential Units Areas Units Replacing Total Units Since Operating
200 1.1 - 1.2 million
19 million Butane Cylinders
14 million
SECTION 2: MIDSTREAM ACTIVITIES
Natural Gas Delivery to Commercial Units & Factories
1,825 Commercial 124 Factories
Within the framework of the commitment of the MoP to implement the objectives of the initiatives and presidential assignments, the most important of which is the (Decent Life) initiative to develop the villages of the Egyptian countryside and the neediest villages and hamlets. Natural
Extending Natural Gas Networks to Villages
700
» Expanding the Use of Compressed Natural Gas as Car Fuel
Within the framework of implementing the presidential initiative to expand the use of natural gas as a fuel in cars, the MoP is working hard to expand the activity of converting cars to run on natural gas and increase the number of fuel stations with compressed natural gas (CNG), as well as centers for converting cars to run on natural gas at the level of the Republic.
Unleashing The Harvest of 365 days - 2022 Overview 8
125
CNG Fuel Stations 2021 2022
CNG 73 93 Rate of Change 27%
SECTION 3: REFINING, PETROCHEMICAL & INFRASTRUCTURE PROJECTS
As an investment in the remarkable achievements that took place during the past eight years, the MoP has continued its efforts to increase investments in refining and petrochemical projects as well as infrastructure and operates them in an optimum economic way which can achieve sustainability, reduce costs and reduce emissions. This will keep up the stability of fuel supply to the domestic market which was achieved years ago. Also, this will support Egypt’s plan to become a leading energy hub for trading oil and gas.
4. ESTABLISHING ATMOSPHERIC DISTILLATION COMPLEX AT ASORC
Capacity 5 mmt/y
5. CDU & VRU PROJECTS AT NPC high-economic value petroleum products
Implemented Refining Projects
1.
Huge Expansion Petrochemical Investments
2022 saw momentum in the petrochemical industry and the opening of new horizons for new projects that add to Egypt's current capabilities in this industry within the framework of MoP’s vision for its development.
The Current Ongoing Petrochemical Projects:
1. MEDIUM-DENSITY FIBERBOARD (MDF) PRODUCTION PROJECT AT BEHEIRA
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