Middle East Economic Survey


No 39



Egyptian Gas Reserves At 67TCF, Says Fahmy

Egypts proven gas reserves stood at 67tcf at the end of June, Petroleum Minister Sameh Fahmy said last week. In March, Mr Fahmy announced that gas reserves were expected to reach 71tcf in 2005 (MEES, 21 March) from 66tcf in 2004. He said that during the last six years, 227 crude oil and gas discoveries were made; proven reserves of oil, gas and condensate reached a record level of 15.4bn...