New gas wells will begin production during the first quarter of the next fiscal year, raising production rates, securing energy needs and reducing import rates and power outages, said Minister of Petroleum Sherif Ismail during Saturday’s press conference.
Ismail did not specify the wells in question, but said that his ministry is currently working to secure the country’s petroleum needs by increasing production rates in coordination with foreign companies. A large part of foreign contracting for importing liquefied natural gas has been completed.
“We are also working to promote rationalised electricity consumption among citizens and government agencies and working to provide new energy alternatives such as solar and wind power,” he said.
