Issue: March 2013



  • Black Market Manipulation: Egypt’s Diesel Dilemma

    Daily ques for petrol products are no longer surprising, they have become the norm as Egypt is increasingly forced to navigate the black market to obtain energy essentials for daily life.

  • Egypt Two Years Later

    On the second anniversary of the 2011 revolution, Egypt appears to be experiencing a bit of deja vu. Videos of a protestor stripped and beaten, a state of emergency declared by the president, and protestors chanting, ''the people want to bring down the regime'' are obviously similar to events that occurred two years ago. While Morsi's name has replaced Mubarak's within protestor's chants to take down the president, it is unclear if the masses have the stamina for another revolution. Many, disillusioned by bickering politicians and the broken promises of the Muslim Brotherhood, have lost their optimism.

  • Subsidies, Rationality, and Revolution: An Alternative Perspective

    Economists and businessmen are generally expected to exhibit a blind faith in the virtues of individual self-interest and the absence of government intervention. However, such faith also often blinds policy makers and other free market advocates to the reality that there often exist very reasoned, politically necessary, and more foresighted economic justifications for petroleum subsidization or at least an exceptionally long period of time over which these subsidies might be reduced. Egypt's economic and political history since 2005, and the experience of the global food crisis in 2007/2008, efficiently serve as the background for such an argument and yield a policy prescription that focuses rightly upon proper timing as an element of any future action in the sphere of subsidies.

  • Interview with Haytham Ataya Chief Operating Officer of Vega Petroleum Limited

    Vega, established in 2011, is a privately owned exploration and production company. Our founders, Mr. Juma Saif Rashid Bin Bakhit and Mr. Kamal Ataya, collectively bring more than 35 years of experience within the industry

  • PhPC East Nile Delta Phase 3

    This work plan describes the governance agreement, contract strategy and organizational staffing plan for the appraisal phase of the East Nile Delta Phase 3 project team.

    Pharonic Petroleum Company (PhPC) has identified several wells and associated facilities for utilization over a three-year period. A single task force will administratively coordinate the project in order to achieve optimum efficiency and coalescence amongst project team members and independent contractors. The unified administrative team will also produce scheduling and capex benefits.

  • Monthly News

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