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28-DEC-92/4 JAN 93


Egypt Consumes 50% of Its Oil Output

Egypt is currently consuming one-half of the crude oil it produces, accordingto Mr. Ahmad Shawqi 'Abdin, Chairman of Gupco, the joint venture between Amocoand the Egyptian General Petroleum Corporation (EGPC). In an address to theEleventh Petroleum Exploration and Production Conference held in Cairo on 7-10November, Mr. 'Abdin said that Egypt is currently producing about 890,000 b/d ofcrude oil, of which 50% is...