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Egypt Gas Output At Record Levels As Cairo Launches Bid Rounds
...l Minister Tarek El Molla said current output is running at 5.9bn cfd. Egypt’s output could in the coming months top the previous all-time high of 6.219bn cfd set in December 2011. Zohr is on course to reach output of 2bn cfd by end-2018 and full plateau output of 2.7bn cfd in 2019, Eni says. Zo...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
GCC Grid Increasingly Used For Power Trading, But Volumes Small
...nks between the six GCC member countries, reports increased use of its grid for electricity trading rather than only for exceptional transfers to prevent local supply outages. Although the GCCIA briefly experimented with trading in 2010 and 2011, it is only more recently that planned transfers of el...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Egypt: Economic Gains Threatened By Record Import Bill
...bounded from 2015-16 terrorist attacks, which came as numbers were already depressed by instability in the wake of the February 2011 ‘Revolution’. Revenues of $2.2bn for 1Q 2018 are up almost 70% year-on-year, though arrivals remain well down on the immediate pre-Revolution year of 2010, when the country ea...
Volume: 61Issue: 21Published at Fri, 25 May 2018