EGYPT: flaring reform moves forward.

 
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Egypt has announced that it will be a signatory to the "Zero Routine Flaring by 2030" initiative a global effort to reduce gas flaring at oil production sites.

The "Zero Routine Flaring by 2030" initiative introduced by the World Bank in 2015 brings together governments oil companies and development institutions who recognise that flaring is unsustainable from a resource-management and environmental perspective, and who agree to cooperate to eliminate routine flaring by no later than 2030.

At a Cairo workshop jointly hosted by the Ministry of Petroleum and Mineral Resources and by the EBRD recommendations on options for gas flaring regulatory reform were discussed along with the merits of different reform options for Egypt including steps to strengthen the framework for monitoring and reporting gas flaring underpinned by adopting industry-wide standards for measurement Streamlining the investment approval process clarifying regulatory responsibilities and providing an enhanced role for stakeholder engagement also feature as recommendations.

Associated gas is found with deposits of petroleum either dissolved in the oil or as a free "gas cap" above the oil in the reservoir It is extracted along with the oil and traditionally has been released or flared as a waste product As a result about...

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