Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping
English websites of Chinese embassies




Home >> Business
UPDATED: 11:43, January 20, 2007
New oil fields discovered in Egypt
font size    

New oil fields have been detected in Egypt by international oil companies as the country was seen as a land rich in black gold, the official MENA news agency reported on Friday.

The oil fields were detected in the Gulf of Suez, eastern and western deserts and the Mediterranean in the past six months, MENA said, quoting a report presented to Minister of Petroleum Sameh Fahmi.

Petroleum from those areas is expected to secure an additional 140 million barrels of crude and condensed oil, and volume of gas promises a robust increase of 1.5 trillion cubic feet (42.48 billion cubic meters), the report said.

Discoveries in the western desert are the most important, particularly in the areas of Karam 1 and Karam 2, the report added.

The thickness of oil and gas layers there ranges from 200 feet (about 61 meters) to 240 feet (about 73.15 meters).

The Karam discoveries were made by a Greek oil company, while Shell and Khalda, another two oil companies, have also discovered gas in the western desert.

In the Mediterranean area of Matrouh, "Gad 1," which was discovered by Khalda, is reported to contain oil layers as thick as 336 feet (about 102.41 meters).

Egypt has signed a number of agreements with international oil companies with advanced technologies and expertise to carry out exploration work and attract more investment.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Versions:
Copyright by People's Daily Online, all rights reserved