InFocus
Technology P.20
Financing Egypt’s Petroleum Sector
Weatherford ZoneSelect™ Fracturing System
Cheques and Balances
The government must organize its own internal dealings financially and work for more efficiency if the petroleum sector is to balance its checkbooks.
Event P.24
The ECHEM/Petroleum Economist Egypt Petrochemicals Conference
Intangible Credit
The ministry of petroleum is relying on its long-standing relationships with investors, but this will not be enough to provide reassurances for current and future investments.
Bullion Market Price 1630.66
GOLD
Percentage +2.33%
Crude Oil USD/BBL
WTI BRENT
Price 28.91
Price 94.17t 112.28
P.14
SILVER
HIGHLIGHT
Percentage +5.70%
Sapesco Wins West El Burullus Services Contracts
Percentage +6.99% +9.29%
P.05
October 2012
Issue 70
28 Pages
www.egyptoil-gas.com
Trust and Optimism Asked to describe Dana Gas Egypt’s performance during the last 12 years, company Chairman Dr. Hany EL Sharkawy summed it up in one word: Phenomenal. Dr. El Sharkawy sat down with Egypt Oil & Gas to discuss the past, present, and future of both the company and the Egyptian petroleum sector, particularly in light of the revolution and its aftermath. P.18
Mediterranean News
New section
Petrobel Continues to Pursue and Develop Gas in the Mediterranean Belayim Petroleum Company (Petrobel) has concluded the drilling of a new development well and two new exploratory wells in the Mediterranean Sea, in the context of the current drilling plan adopted by the company. Petrobel’s recent drilling activities are the latest in the compny’s quest to develop natural gas resources in the Mediterranean. P.08
Political Review
Strikes Continue to Hit Egypt’s Petroleum Companies
Ever since the eruption of the revolution, protests and strikes have been the most effective mechanism for Egyptians to display frustrations and grievances born of the deteriorating conditions. The petroleum sector has been no stranger to these incidents, which dent productivity. P.16