NO. 38


Egypt To Sustain Production At 870,000 B/D

Egypt will sustain its current level of oil production of around 870,000 b/dduring the coming few years and will meet any additional domestic energyrequirements from its increasing gas reserves, according to Mr. Abd El-HadyKandil, Minister of Petroleum and Mineral Resources. In an interview with MEESExecutive Editor Walid Khadduri, Mr. Kandil revealed that Egypt's provenrecoverable reserves are around 4.5bn barrels of oil...