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This would return the Qattara Depression to its current state but with its sabkha soils tens of meters higher, allowing for salt mining. The concept calls for excavating a large canal or tunnel of about 55 to 100 kilometres (34 to 62 mi), depending on the route chosen to the Mediterranean Sea , to bring seawater into the area. [ 2 ]
Although Egypt is not a member of OPEC, it is a member of the Organization of Arab Petroleum Exporting Countries. [2] As of 2005, Egypt's proven oil reserves were estimated at 3.7 billion bbl (590 million m 3), of which 2.9 billion bbl (460 million m 3) was crude oil and 0.8 billion bbl (130 million m 3) were natural gas liquids. [2]
Egypt is concerned that Ethiopia is using water from the Nile to fill its giant Renaissance dam.
Collectively, the dams will use nearly 500 million mcm/y of the Nile’s annual flow. [3] Ethiopia is the only Nile River riparian to make a legal claim to Nile waters other than Egypt or Sudan since the Nile Waters Treaty was signed in 1959. Like in Egypt, population growth in Ethiopia has led to an increase in water consumption.
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouly said in a press conference on Thursday. The North ...
The High Dam protects Egypt from floods, stores water for year-round irrigation and produces hydropower. With a live storage capacity of 90 billion cubic the dam stores more than one and a half the average annual flow of the Nile River, thus providing a high level of regulation in the river basin compared to other regulated rivers in the world.
One example is the dispute between Egypt and Ethiopia over the Grand Ethiopian Renaissance Dam which escalated in 2020. [ 97 ] [ 98 ] Egypt sees the dam as an existential threat, fearing that the dam will reduce the amount of water it receives from the Nile .
The IEA expects world oil demand growth to accelerate next year, with consumption rising to 1.1 million barrels per day next year — but that's not enough to absorb the oversupply.