December 2008
EXCLUSIVE
IPR scores 2nd discovery at North Ramadan Concession page 4
Issue 24
24 pages
ODE sets its 1st overseas base in Cairo
Fahmy: Time for Russian ties
Sudan targets more oil in 2009 page 5
Russian investments in Egypt page 15 Change has come ........... page 10 Statistics ........................ page 21 ION and Guide in a partnership deal ................................. page 22
LAST MONTH’S OIL PRICES
Over the past two months, there have been intensive discussions and negotiations between the Egyptian petroleum top officials and their Russian counterparts studying the means to bolster the mutual cooperation between the two countries. Why is Russia becoming today’s world attention? What benefits would the Russian cooperation generate to Egypt? Hady Fahmy, President of the Egyptian Chamber of Petroleum and Mining sheds lights on the fruitfulness of the Russian-Egyptian ties Continued on page 14