16.05.2025
Egypt announces new oil and gas finds
The country's Ministry of Petroleum and Mineral Resources intends to maximise production rates
Three new oil and gas fields have been discovered in Egypt during geological exploration. This was reported by Sada El-Balad, a partner of TV BRICS.
The first source was found in a sand layer in the Western Desert region. The reserves are estimated at about 12.5 million barrels of oil, 1.77 billion cubic metres of gas and 1.15 million barrels of gas condensate.
The second field, discovered in the Gulf of Suez, has yet to be appraised. So far, it has yielded 2,660 barrels of oil per day.
A third source in the west of the country is also still being tested. So far, 720 barrels of oil per day have been extracted from it.
Photo: iStockMORE ON THIS TOPIC
-
![]()
Economy11.08.26Egypt expects to attract high-quality investment from India into industry and exports -
![]()
Economy11.08.26Iran links agricultural and water data systems to improve resource use -
![]()
Economy11.08.26India and Russia to expand cooperation in industry, aviation, rail transport and mining -
![]()
Economy10.08.26Iran expands satellite infrastructure with three planned launches -
![]()
Economy10.08.26Zimbabwe records first US$1 billion monthly export earnings -
![]()
Economy10.08.26China, Russia and Kazakhstan become Uzbekistan's largest trading partners in first half of 2026
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
TV BRICS GLOBAL
BRICS ANALYTICS
BRICS BLOGGERS TEAM