Event P.20
Political Review
Petroleum in the Age of the Islamists Bullion Market Price 1600.88
GOLD
Percentage 0.77%
Crude Oil USD/BBL
WTI BRENT
Price 28.06
Price 82.39 95.90
Weatherford Technology Seminar
International News P.10
Iran Parliament Backs Shutting the Strait of Hormuz
P.16
SILVER
HIGHLIGHT
Percentage -2.57%
Dana Petroleum’s Zeitco Boosts Gulf of Suez Production
Percentage -12.90% -12.91%
P.07
August 2012
Issue 68
24 Pages
www.egyptoil-gas.com
Between the Transitional Ministry and the Ministry of the Revolution Debts, dues, subsidies, fuel shortages and wage regulation present themselves as some of the most prominent and pressing issues facing the incoming minister of petroleum, as industry experts assure that these problems can be rectified in the space of a year and a half.
P.14
Egypt News
BG Egypt Makes Major Mediterranean Gas Discovery British Gas, through its wholly owned subsidiary British Gas Egypt, has hit copious amounts of natural gas offshore the West Nile Delta in the Mediterranean Sea. The discovery was made in the company’s block 8b concession, and was labeled Harmatan Deep-1. P.07
Egypt News
Khalda Intensifies Western Desert Drilling
A sizeable amount of drilling activity has been undertaken by Khalda Petroleum Company, as it has concluded the drilling of two new developmental wells and five exploratory wells in in the Western Desert as part of its 2011-2012 development plan. P.04