Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with Ali Al-Jarwan, head of the UAE Dragon Oil Company, where they discussed the company’s activities in Egypt in the Gulf of Suez region. .
The first expected oil stock, estimated for the new discovery, is regarding 100 million barrels inside the northeastern region of Ramadan, with the possibility of adding a larger expected oil stock when the development plan begins, and it is one of the largest oil discoveries in the Gulf of Suez in 20 years.
The new oil field is the first discovery by Dragon Oil since it became an active player in the petroleum sector in Egypt, following it acquired 100% of the British BP’s assets in all the oil production and discovery concessions in the Gulf of Suez.
