Egyptian Crude Output Dips In 3Q As Gas Production Rises
Egyptian crude output dipped slightly lower in 3Q to an average 625,550 b/d, 2.2% lower than the full-year 2001 average. Gas output and gas sales rose in August, reflecting the higher power demand required during the hottest summer month for cooling. Condensate production dipped in August, while LPG production remained stable. Egypts 2002 upstream licensing round, to which eight blocks were added in late...