Series of discoveries for INA, Apache and Edison
July 2009
Issue 31
24 pages
More flexibility needed to lure investments
Oil refining companies will not be exempted from taxes Egypt was about to take a step towards expanding its refining sector after the financial crisis and a new tax regime applied to the country’s industrial zones have already hampered plans to upgrade Egypt’s refining capacity p18
BG Egypt starts Delta flows..... p4
Impact on rig markets ..... p16
Industry Statistics..... p22
Safety is NEVER achieved by CHANCE!
p14
Egypt’s rig market revived
p4
Sudan to double oil output by 2015 p8
Striving for revenues and production records and fulfilling corporate goals for high achievements should not be the sole concern to focus on. Each petroleum entity or corporation has several duties towards the environment and employees have rights to keep their health and safety intact. This can be summarized in three words Health, Safety and Environment (HSE)
Iran’s unrest will not lead to higher oil prices p19 LAST MONTH’S OIL PRICES ICE Brent Price