Egypt announces new gas discovery of "Narges" field in Mediterranean

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Egypt announces new gas discovery of "Narges" field in Mediterranean

STORY: Egypt announces new gas discovery of "Narges" field in Mediterranean DATELINE: Dec. 16, 2022 LENGTH: 00:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Ministry of Petroleum and Mineral Resources 2. various of production equipment at a gas field STORYLINE: Egyptian Minister of Petroleum and Mineral Resources, Tareq Al-Mulla, announced on Thursday a new gas discovery "Narges" field in the Mediterranean, saying it is still in the evaluation phase, in order to confirm the size of the discovery. The minister said that the new discovery comes after the "Zohr" Field in terms of importance. Al-Mulla stressed the challenges and effects imposed by the Russian-Ukrainian conflict and the increase in oil prices have caused pressure and movements by global powers to accelerate the transition to clean and renewable energy. The minister said the ministry's plan for the fiscal year 2022-2023 calls for 118 exploration wells, part of which are for rapid production, including the survey of

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