EGYPT

Kandil Denies Beports of 12% Increase in Oil Production 

Egyptian Oil Minister Abd El-Hady Kandil has denied reports published on 3 December to the effect that Egypt is planning to raise its crude oil output by 12%, according to the Cairo daily al-Ahram of 8 December. Al-Ahram quotes the Minister as saying that he has issued instructions to keep Egypt's oil production at the current level of about 43mn tons a year (860,000 b/d) during the coming two years in an effort to...