INSIDE THIS ISSUE |
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A series of mergers and acquisitions have been carried out in the Egyptian oil and gas sector over the past five years, bringing in a large number of newcomers to the scene of exploration, production or the provision of services related to the sector. As a matter of fact, the key acquisitions over the past year were pushed forward by what we call hot Gulf money |
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Analysis of the second half of 2007; tackling major discoveries, deals sealed, new projects… etc from July to December 2007 |
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In an unpredicted move, the Ministry of Petroleum decided to review the concluded deals signed for the exportation of the Egyptian gas worldwide, in an attempt to avoid the loss of an economic profit in the shadow of prices instability nowadays. As a matter of fact, oil and gas prices have been increasing, while the Egyptian prices remain unchanged. |
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New industrial zones are thirsty for natural gas supplies |
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A world scale LNG plant with a capacity of 4 million tons/year requires approximately 650 MMSCFD of feed gas. This same quantity of gas is estimated to produce 65,000 Bbl/day of GTL products; mainly Naphtha (17,000 Bbl/day), Diesel Oil (44,000 Bbl/day) and the remaining quantity (4,000 BPD) is assumed to be Liquefied Petroleum Gas (LPG). |
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Award-Winning HCB™ Bulk Cuttings Transfer and Storage System Implemented in the UK North Sea |
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“Someone’s gain is another one’s pain,” thus goes the proverb which precisely applies to the current political atmosphere in the Arab-Israeli conflict. |
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For over a month now, debate about government subsidies has dominated the political scene. The debate sparked after government officials announced that it is studying the possibility of cutting government subsidies to basic commodities, including petrol. |
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A new bill passed in December by the US Congress with the aim of increasing car fuel efficiency is widely believed to be a step towards cutting the amount of oil imported from the Arab Gulf countries by half in by 2020. The new law imposes new measures to increase the efficiency of fuel used in vehicles, and car makers will have to manufacture vehicles that use less amounts of fuel. |
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