Mediterra Energy raises production by 17% from Sinai fields
The Egyptian minister of petroleum and mineral resources Tarek El Molla said that oil production in Sinai fields increased from 1,200 to 1,400 barrels per day since July 2016.
These fields include Ras Sudr, Asl, and Matarma, and they are all located on the eastern side of the Gulf of Suez.
Tarek El Molla added in a statement on Tuesday that raising production comes as a result of the agreement with Mediterra Energy Company.
A report presented to El Molla expects another rise in production after completing the maintenance of 24 wells, which would lead to an increase of 600-800 barrels per day.