No. 28



Egyptian Oil Output Downtrend Continues As Country Applies To Join OPEC

Egypts oil production fell to an average 643,058 b/d in the first half of 2001 (January-June), down 8.1% from the full-year 2000 average of 700,000 b/d, dipping below the 600,000 b/d level to an average 596,452 b/d in May. However gas production continued to rise, with first half output averaging 2.94bn cf/d, up 44% from an average of 2.04 cf/d in 1H 2000. Condensate production rose 15% to...