November 2008
Issue 23
24 pages
NEWS Dana Gas achieves 3rd discovery for 2008
Echo of Collapse HSBC arranges financing for offshore jack-up rigs in Egypt page 5
Since the globalization ideology has been adopted, the whole world has turned into one small village; connected in every aspect of life, whether socially, politically, economically...etc. Therefore, if a disaster in the western hemisphere occurs, it will consequently have its negative effects on the eastern hemisphere! And, that is the case with the current world economic collapse! Though the Egyptian economy is still categorized as a developing one, the echo of this dramatic collapse will, possibly, impose its negative impact on the country Continued on page 14
Egypt back to Iraq page 10
Flow rate high at Suez Gemsa page 16 Oil in disequilibrium ...... page 11 The truth about tape (Part I) ......................................... page 18 Statistics ......................... page 22
LAST MONTH’S OIL PRICES