Issue: August 2013

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INSIDE ISSUE

  • Egypt’s Energy Trap

    Egypt's energy sector is in profound disarray, at a time when the Egyptian economy would desperately need the proceeds from functioning energy production and trade. Declining reserves and falling production, coupled to surging domestic energy demand have since 2008 turned Egypt into a net importer of oil and oil products.

  • Uncertainty, Instability and Political Progress?

    Egypt's unrest will undoubtedly affect the country's oil and gas sector. The publicly supported military overthrow of former President Morsi left the country in a state of political uncertainty characterized by internal power struggles, civil unrest, and localized violence. The rapid deterioration of political stability in Egypt inevitably flows over into the country's oil and gas sector. Egypt Oil & Gas spoke to experts, analysts, and operators to assess the current and potential future impacts that Egypt's unrest may have on the oil and gas sector.

  • The Decline of Morsi

    One year after coming to power, Egypt's first democratically elected president, Mohamed Morsi was thrown out of office. Morsi loyalists continue to take to the streets defending the ousted president's legitimacy while the opposition holds demonstrations in Tahrir to show support for Morsi's overthrow. Many outside observers have questioned how this precedent will impact Egypt's future political landscape. While it is impossible to predict what the future holds for the Egypt, hindsight allows us to examine the decisions and failures that lead to his ouster. This article explores the grievances that led up to July 3rd.

  • Resolving the Egypt-Ethiopia Nile Dispute: Options for Moving Forward

    While Egypt is facing several internal crises, it is also caught in an international dispute over the Nile. The future of the country's water resources is now in question following Ethiopia's construction of the Grand Ethiopian Renaissance Dam. At the time the dam's construction began in 2011, Egypt was preoccupied with the aftermath of January 25 Revolution, but when Ethiopia temporarily diverted the flow of the Nile in May, Egypt responded with a political uproar. As diplomatic relations between the countries become increasingly stained over the dam, Egypt Oil & Gas spoke to leading experts to assess possible solutions to the dispute.

  • Ratification of the Petroleum Concession Agreements

    The Egyptian constitution, adopted in 2012, stipulated that exploitation rights of ''state properties or public facilities'' shall be granted by a law. On July 3rd the Egyptian army declared the immediate suspension of Egypt's constitution. Given this, questions emerge regarding petroleum agreements in Egypt. Is it possible to formalize petroleum concession agreements in the absence of the legislature or People's Assembly? Considering exploration and exploitation rights are to be issued only by a law, are parliamentary elections necessary for new petroleum agreements to be completed?

  • Oil Prices, Unrest and Aid

    Second chances are rare in this world. Still, over the course of the last month, Egyptians have possibly created just that. However, the long-term consequences of this ''revolutionary repeat'' remain unknown.

  • ‘Shortages’ manifest in extreme gas lines in weeks leading up to June 30th. 

    Extreme gas lines crippled Cairo in the days leading up June 30th. Queues at gas stations reached several hundred meters, worsening Cairo's already congested roadways. Drivers were forced to wait in lines for six to eight hours to refuel.

  • EPEX Explores Unconventional Resources in Egypt

    The Egyptian Petroleum Society (EPEX), headed by Dr. Ahmed A. Fattah, recently devoted a monthly session to the topic of unconventional resources in Egypt. Held on June 24th at the Sofitel in Maadi, the session brought together government officials, academics and industry professionals to discuss the potential of unconventional exploration in Egypt.

  • Halliburton Hosts Conference on Unconventional Resources

    Halliburton recently hosted the 2013 Technology Forum at the Cairo JW Marriott. Titled ''Shale Plays: Discovering the Opportunities in Egypt,'' the event brought governmental officials and industry executives together in order to discuss the potential of shale exploration in Egypt. The event, organized by Halliburton, was held in collaboration with the Ministry of Petroleum and EGPC.

  • Monthly News

    News of the month, know more about the recent activities this industry has shown during July 2013.