Features / Political Review
Egyptian definition of Field Development
Why do we need foreign assistance to develop our fields? Is not the Egyptian expertise capable of conducting field development plans, which have been a key focus in the industry? Hopeful future lies ahead
Egypt's economy has long been one rich in resources and potential, with the petroleum and gas field currently at the helm of resource development. While much of the global economy has been consumed by the difficulties of the global financial crisis, Egypt's economy has shown consistent production rates in mining natural resources, making readily available the fuel for a growing domestic and international market. Lacking the production vision
"A decrease in the production of oil in Egypt," as the United States Department of Energy predicted in last February, it came in a report titled "The Forecasts of Energy in the Short Term". The report, which is focused on non-OPEC supply of oil in 2010 and 2011, said that it expects a decrease in the country's oil production during the monitoring period that runs from 2009 through 2011 Speaking the global offshore language!
Digging deeper in the offshore industry, obstacles maybe come in hefty numbers, but anyone can notice that the ministry tries to apply the most appropriate strategy to cover the most of challenges Funding Egypt’s oil projects
2010 has seen an increased focus on revising banking and financial policies for Egypt's current oil and gas projects. In the midst of reforms, budget adjustments and pending projects for the quarter, some key developments are underway to bolster the country's oil and gas fueled economy. Drilling through service pricing combat
After suffering from the brutal challenge between service companies by competitors' system of lowering prices, fears began to emerge for monopolizing the market through lowering prices Weighing the two sides!
Some would see it as a good move, "It would be a good idea to import the gas cheaply from Iraq and lock in at that price for the future, if Egypt has the view that gas prices will go up on the long term.", others may oppose it, "Has the minister finally awakened to the tragedy of Egypt's wasted petroleum resources. Chaos can turn negative into positive
The simmering tensions between Egypt and Algeria resulted in a new petroleum export deal 
