VOL. XLVII

No 05

2-February-2004

EGYPT

Egyptian Crude Output Continues Gentle Downwards Trend In 2003

Egyptian crude output continued to edge lower in 2003, with average monthly output falling to 618,589 b/d, down 1.5% on the year after a weak fourth quarter, data released by the Egyptian General Petroleum Corporation (EGPC) showed (MEES, 21 July 2003). Crude output was some 90,000 b/d or 13% lower in 2003 compared to 2000. Gas and condensate production continues to rise however, reflecting new...