Interview P.14
Infocus
Quitting the
Providing world-class technical services
“cheaper is better” motto
Projects P.24
DEKA Development Project
The most prominent obstacles and challenges facing the petroleum services companies in Egypt
Bullion Market GOLD
Price 1747.81
Percentage -0.23%
Price 33.25
P.18
SILVER
HIGHLIGHT
Percentage -1.98%
Shell, TransGlobe and RWE win Egypt oil concession
Crude Oil USD/BBL
WTI BRENT
Price 89.58 111.28
Percentage -5.43% -1.43%
P.04
December 2012
Issue 72
28 Pages
www.egyptoil-gas.com
Governmental Economic Plan and Demands on Combustible
Following the recent announcement to the press delivered by the Egyptian Prime Minister Hisham Qandil, revealing the country’s 10-year economic plan, the country’s economy is foreseen to exhibit an annual growth between 3.5 and 4 percent in the 2012-13 fiscal years, followed by a one percent increase on the following fiscal year. P.20
Mediterranean News
New section
Gujarat Concludes a New Mediterranean Drilling OperationWell by Rashpetco
InReview
Liquid Production: A look at the past present and future of Egypt’s liquid reserves
Egypt, Israel, Lebanon, Syria, Cyprus and Turkey are expected to explore and exploit oil and gas in the East Mediterranean Sea. They plan to control these huge reserves which may change the world energy map and would have great influences on the economic status of the involved countries. P.08
The 1970s was a period of transition for the Egyptian petroleum sector. The Petroleum Policy of 1973 mandated production-sharing contracts, which along with increased oil prices, attracted foreign investors. Exploration agreements for concessions in the Western Desert and Nile Delta regions were signed, yet exploratory activity during this time yielded few results. P.16
46%
54%