VOL. XLI

No. 34

24-August-1998

EGYPT

1H 1998 Oil And Gas Output Marginally Down; Net Oil Trade Revenue DrasticallyCurtailed

Egypt's oil, gas and condensate output fell marginally by 0.83% to 26,894,000 tons infirst half 1998 from 27,118,000 tons in 1H 97, but its net oil trade revenue droppeddrastically by 85.06% to $81mn in 1H 98 from $542mn in 1H 97. The 1H 98 output figure, asgiven in a recent issue of the monthly al-Bitrul magazine published by the EgyptianGeneral Petroleum Corporation...