December 2009
Issue 36
24 pages
Africa swims over oil seas
Until recently, big oil companies gave little thought to south Saharan African beyond the coast of Nigeria and Angola. There is a rapid change in the Nigerian and Angolan petroleum markets, especially after the significant find off the Atlantic coast of Sierra Leone, where both Anadarko Petroleum and U.K-based Tullow received exploration licenses, and another strike in Uganda (a promising country in oil production), where Tullow operates
p 18
Egyptian delegate verifies reserves figures with Wood Mackenzie Bolstering cooperation with the European Union ... p5
First discovery for Naftogaz in Abo Senan
p4
IEA: expecting a global oil demand growth in Q4... p9
Industry Statistics... p22
High potentials reflected in discoveries boom
BG-Egypt Challenge Take nothing but photographs,
p12
Russia worries about the price of oil, not a nuclear Iran
p 20
LAST MONTH’S OIL PRICES Since the beginning of 2009, most of speculations revolved around the slowdown of operations in the petroleum sector, not only in Egypt but also worldwide due to the market instability and the international prices fluctuations. Although some of these assumptions turned to be true, the wheel of oil and gas discoveries in Egypt has proved that nothing would stop it p 14
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