EGYPT
TransGlobe Looks To Egyptian Future With Western Desert Expansion
Canadian independent TransGlobe is set to ramp up its Egyptian production to over 20,000 b/d from 2013, up from the current 16,800 b/d, making it the country’s fifth largest crude producer (MEES, 1 May). Egypt already accounts for over 90% of the company’s production, and with the company’s latest Egyptian purchases on 1 May and no end in sight to instability in Yemen — the company’s...
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