Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

EGYPT

Rate Of Egyptian Oil Output Decline Edging Up In 1H04

After two years of slight falls in oil production, the rate of decline of Egypts crude oil output has increased in the first half of 2004, the latest hydrocarbon production data issued by the Egyptian General Petroleum Corporation (EGPC) shows. Average daily production figures since 1992 show that production declines started in 1995 after the country hit its highest annual average...