Egypt to restore normal output at Zohr field by June-end: PM

Egypt is set to restore normal production at its Zohr gas field by the end of June, Prime Minister Moustafa Madbouly said on Thursday,

During a recent press conference, Prime Minister Madbouly addressed concerns about the field’s depletion, attributing the decline to investment shortfalls caused by the arrears with foreign investors. He firmly denied claims that Egypt’s gas resources were dwindling, emphasising that the issue was solely related to investment disruptions.

“Electricity load-shedding cuts won’t return again,” Prime Minister Madbouly said, asserting that the government had set aside $2.5 billion to ensure that.

He said there were also plans to bring an Egypt-Saudi power grid link online in a first phase by the summer of 2025.

Attribution: The Egyptian Cabinet