EGYPT GAS OUTPUT HIT A NEW RECORD 6.65BN CFD IN FEB WITH MED OFFSHORE AT A 6-YEAR HIGH OF 4BN CFD...

*TARGET SUBSEQUENTLY RAISED TO 3.2BN CFD BY END 2019 (SEE P2). SOURCE: JODI, EGPC, MEES.

 

... BUT OIL OUTPUT (645,000 B/D FOR FEB) REMAINS AT JUST 70% OF THE RECORD 900,000 B/D LEVELS HIT IN THE MID 90S