Field Trip
PROJECTS P.20
PetroSennan’s
Alam El -Shawish Concession Bullion Market Price 1742.99
GOLD
Percentage +4.33%
Crude Oil USD/BBL
WTI BRENT
Hilal redevelopment project AFRICA P.6
P.14
Shell and Eni score a new block offshore Nigeria
MoP greenlights Dana-EGPC joint venture in the Gulf of Suez P.4 HIGHLIGHT
SILVER
Price 33.24
Percentage +3.58%
Price 97.18 110.34
Percentage +12.39% +1.94%
January 2012
Issue 61
24 Pages
www.egyptoil-gas.com
EGPC
must regain control of upstream activities
Interview with Eng. Abdallah Ghorab, Egyptian Petroleum Minister
P.16
In Review
2012 Triggers Mixed Expectations
Experts’ predictions and opinions regarding the state of the Egyptian petroleum sector in 2012 have varied, particularly in light of the shift in policy witnessed under the Petroleum Minister Eng. Abdullah Ghorab in comparison to his predecessors. These opinions can be broadly categorized into two main outlooks: one which retains much optimism for the new year, expecting an increase in investments despite ongoing political turbulence, the other sees drilling and exploration operations in Egyptian concessions taking a turn for the worse. P.18
Political Review
Between Syria and Iran: Concessions and Contradictions in Brussels The European Union (EU) is finding itself in a practical dilemma in its use of sanctions as a tool of political pressure. While severe sanctions have been unwaveringly employed against the Syrian oil industry, much greater hesitation has been shown in targeting the Iranian oil industry due to the precarious balance currently in place. P.12