NO. 18


Maintenance Of Egypt's Oil Production Volume Will Depend On FutureDiscoveries

Recent press reports about an imminent exodus of foreign oil companies fromEgypt are exaggerated and provide a distorted picture of the country's oilindustry, according to MEES Executive Editor Walid Khadduri, who has recentlyvisited Egypt. While it is true that British Petroleum has sold its producinginterest in Egypt, as has Conoco, these two firms, along with a few smallerones, do not...