*After posting historic lows for 2024 (MEES, 21 February), Egypt’s gas and oil output are both down again for January.
*January gas output of 4.312bn cfd was the lowest monthly figure since December 2016, that is to say before the start-up of BP’s West Nile Delta (WND) project and Eni’s Zohr the following year (see chart 1). And, as of the latest data, the losses show no sign of slowing – the January figure is down a whopping 20% or 1.09bn cfd year-on-year and represents a further 109mn cfd fall versus December. (CONTINUED - 893 WORDS)
