VOL. XXXIX

No. 26

25-March-1996

EGYPT

Egyptian Gas Reserves Up 7.6%

Egypt has revised its estimate of the country's natural gas reserves upward by 7.6% to 24 trillion cubic feet (tcf) from 22.3 tcf in mid-1995, an Oil Ministry official said in Cairo on 20 March. But the estimate of crude oil reserves has remained unchanged at 3.3bn barrels. Most of the hydrocarbon deposits discovered in the past year in the Western Desert and Nile Delta offshore were gas rather than oil. And with the...