Features / Cover

Opening the community chest for the best

Egypt is one of the pioneers in the Middle East to penetrate the oil and gas industry. The Middle East’s first oil refinery was built in the Egyptian port city of Alexandria in 1911. Since then, the petroleum industry has almost covered every part of the country; but some territories were not ready for exploration yet, such as Upper Egypt. However, this is no longer the case as a national plan has been set to explore this area. Nevertheless, during this process we are faced with several questions related to the future of oil and gas projects. How will the Ministry of Petroleum and the Egyptian government solve the obstacles hindering the achievement of this national plan?

The red alarm

In tackling the issue of security, there are three types of security vulnerability in the region; violent attacks and explosions, absence of safety regulations, as well as corruption.

GUPCO Renovates, Gulf of Suez Generates

Renovations made to GUPCO sites will add more production to reserves. What scientists predicted to be the production rate of petroleum in the Gulf of Suez in the 1960s has proved to be much more.

Brent spooked by political uncertainty

A look at the international political scene in 2006 and its effect on Brent prices.

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