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Wednesday, 2 January 2019

Egypt’s energy sector in the limelight on the airwaves

The performance of Egypt’s energy sector last year and its expected growth this year was the most popular topic on the airwaves last night.

Output from the Zohr natural gas field is expected to reach 3 bcf/d this year, Oil Ministry spokesman Hamdy Abdel Aziz told Al Hayah Al Youm’s Lobna Assal. The development of Zohr and several other fields, including the Nooros and Atoll, helped Egypt achieve natural gas self-sufficiency and halt LNG imports last year, Abdel Aziz noted (watch, runtime: 03:42). Egypt’s gas resources and its plans to construct a pipeline with Cyprus make it the ideal candidate to become the region’s premier energy hub, former EGPC deputy head Medhat Youssef told Hona Al Asema’s Lama Gebril (watch, runtime: 04:39).

The military production and endowments ministries have begun outfitting mosques with water-saving taps to cut down on water consumption, Military Production Minister Mohamed El Assar said on Al Hayah Al Youm. The taps, which retail for EGP 40 apiece, reduce consumption by up to 75%, El Assar said (watch, runtime: 08:47). This comes in line with the Irrigation Ministry’s efforts to make the most out of the country’s water resources by reducing consumption, Irrigation Minister Mohamed Abdel Atti said on Masaa DMC (watch, runtime: 03:07). The minister also discussed the pros and cons of desalination as a means of increasing water resources (watch, runtime: 03:28).

Public Enterprises Minister Hisham Tawfik had a chat about Eastern Company’s upcoming stake sale, which he reminded Hona Al Asema’s Lama Gebril was postponed until the company’s share price recovers from its plunge late last year (watch, runtime: 02:49).

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