EGYPT

Falling Oil Prices May Delay Development of Total Group's Discovery in North Sinai  Offshore 

The development of Total group's oil discovery in Egyptian waters north of the Sinai Peninsula may be delayed because of falling petroleum prices, according to Egyptian Oil Minister Abd El-Hady Kandil who told the Cairo daily al-Akhbar of 1 April that the new find had given "good results because it is in deep water in an area where no oil had been discovered...