Egypt’s gas output continues to slump, adding to the pressure on new petroleum minister Karim Badawi’s bid to halt blackouts (MEES, 23 August).
Gas output fell to 5.01bn cfd for Q2, with this and the latest monthly figure of 4.923bn cfd for June the lowest respective figures since early 2017’s start-up of BP’s key West Nile Delta project which was followed by that of Eni’s giant Zohr field at the end of the year (see chart 1). The country’s oil output slump is somewhat less dramatic, but production nevertheless fell to a new 40-year low of 553,000 b/d for Q2 (see chart 2). (CONTINUED - 2458 WORDS)
