The Petroleum Ministry said that converting petrol-fuelled cars to run on natural gas reduces fuel costs by nearly 50%.
The ministry said that this high record in production reflected the success in implementing the integrated work program in the various oilfields of the company in the Eastern and Western Desert areas, the Gulf of Suez and Sinai.
Excavation works were revealed at the leak point, which caused a huge explosion on Cairo-Ismailia Road this week, according to investigations by the Public Prosecution.
Khalifa Haftar's Libyan National Army (LNA) said on Saturday it would maintain a blockade on oil production and exports that the National Oil Corp (NOC) says has cost the country $6.5 billion in lost revenue.
The first vessel to load was announced as the Kriti Bastion from Es Sider oil port.
The meeting took up the project of electronic boards that display gasoline and diesel prices for consumers at gas stations.
The project comes to support efforts and developmental programs implemented in Upper Egypt, Molla said.
Molla said in a statement that they discussed three major oil refining projects in Alexandria, Assiut and Suez at an investment cost of about $2.8 billion.
The agreements are to be referred to the parliament for further discussions on required legal measures pertaining to bringing them into action.
The new discovery comes with an initial production rate of 2,000 barrels per day of crude oil, and it is estimated that there are about 70 million barrels of recoverable crude oil.
A parliamentarian questions the reasons behind not kicking out the ambassador of the Tripoli-based interim government in Cairo.
The Ministry of Petroleum released a report indicating the projects accomplished in the natural gas sector from July 2019 until April 2020.
In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020.
US West Texas Intermediate (WTI) crude futures fell as low as $18.10 a barrel earlier in the session and were down $1.14, or 5.8 percent, at $18.64 at 0506 GMT.
They both agreed on continuous coordination between the officials of both ministries on reform plans for the public interest.
The Ministry of Petroleum announced on Saturday that natural gas is being supplied to 110 tourist facilities in Sharm El Sheikh at investments worth EGP 250 million.
Upon this data, the US crude oil has recorded its deepest decline since 1983.
The May U.S. WTI contract fell $15.91, or 87.1%, to $2.36 a barrel at 1:25 p.m (1725 GMT) after touching an all-time low of $2.26. Brent LCOc1 was down $1.76, or 6.3%, to $26.32 a barrel.
The participants discussed cutting down oil output at the world level to restore stability of the international oil market.
The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday — a delay from Monday — in an attempt to agree on production cuts.