Egypt’s Oil and Gas Output Rebounds After Four-Year Decline ...Middle East

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Egypt’s Oil and Gas Output Rebounds After Four-Year Decline
source : OILPRICE ( Middle East ) () 145
After four years of declines, Egypt’s oil and gas production has started to rise in recent weeks, providing much-needed relief to the import bill of the North African country.   Since August, Egypt’s natural gas production has increased by more than 200 million cubic feet per day, according to data from Egypt’s Ministry of Petroleum and Mineral Resources cited by local news outlet Cairo Scene. The rise in oil and gas production has helped Egypt reduce its fuel import bill by $3.6 billion and settle $1 billion in arrears owed…

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