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Should the EGPC become the sole entity representing government in dealing with investors, as proposed by Petroleum Minister Eng. Abdullah Ghorab?
 
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Iraq-Turkey oil exports resume after blast

Iraq has resumed oil exports via an undamaged pipeline to Turkey after they were cut by an explosion in the country's northern neighbour, officials said on Monday. more...

Aramco to invest $90b in boosting refining capacity

Saudi Aramco will invest $90 billion in the next five years to increase refining capacity by 50 percent to 6 million barrels a day. more...

Militants claim attack on Nigeria Eni oil pipeline

A Nigerian militant group based in the oil-producing Niger Delta said on Sunday it had attacked an oil pipeline owned by Italian firm Eni where witnesses said there was a fire late on Saturday. more...

NYMEX-U.S. crude drops toward $97 on oil stocks data

U.S. crude oil prices slipped towards $97 a barrel on Thursday as a larger-than-expected rise in crude oil stocks outweighed support from upbeat manufacturing data in China, the United States and Germany. more...

Edison Drills Exploratory Well in Western Desert

Italian operator Edison completed the drilling of a new exploratory well in the fields of its Western Desert concession. more...

Syrian oil pipeline Explosion
Explosion rocks Syrian oil pipeline

Fire engulfed a crude oil pipeline in Syria following an explosion on Tuesday, a report has claimed. more...

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Egypt... Listen to the FUTURE
 
 
Egypt Oil & Gas Media Planner 2012
 
 
UPCOMING EVENTS
Third Egyptian Petrochemicals Conference
12NATC - North Africa Technical Conference and Exhibition
MOC 2012
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Egypt Oil & Gas Newspaper
The rise of political Islam and its effects on the petroleum sector
In its modern history, Egypt has never been subject to Islamist political domination, and the upcoming experiment is already the source of anxiety for many with a stake in the country’s economic future. The oil and gas sector stands to be affected by any significant changes in policy.
Experts Ponder the Minister's Plan
In our interview of last month with Petroleum Minister Eng. Abdullah Ghorab, he stressed the importance of overhauling EGPC. The minister’s plan has prompted various responses. Therefore, it behooved EOG to interview a number of those experts and document their responses, since their collective wisdom could prove beneficial in guiding the process of overhauling the EGPC.

February 2012 Issue

February 2012

Egypt Oil & Gas Research & Analysis
INDUSTRY INDICATORS
 
Natural Gas Daily
2.50
03-02-2012

Egypt Suez Blend 33 Weekly
111.07
11-11-2011
Current Rig Utilization in Egypt - November 2011
Currency Exchange Rates 25-05-2011
US Dollar 5.9330 EGP
Euro 8.4098 EGP
Sterling 9.3287 EGP
Yen 7.2197 EGP
Stock Market
06-02-2012
Company
Start End
Alexandria Mineral Oils Co.
77.07 75.84
Sidi Kerir Petrochemicals
13.40 13.43