Wednesday, 17 April 2013

Egypt Oil and Gas Report Q2 2013

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Egypt Oil and Gas Report Q2 2013
Apr 17th 2013, 00:00

BMI View: Months of political turbulence - which has not abated since the election of the MuslimBrotherhood''s Mohammed Morsi as president - has undermined policy as it relates to the country''s mostsignificant economic sector. With Morsi acting as president, domestic needs are taking priority overexports, as the decision to end gas supplies to Israel confirms, and the supply of gas to Jordan and Spainwas disrupted. This will inevitably impact the pricing climate for international oil companies operating inEgypt''s gas sector, potentially making it more difficult to secure internationally competitive rates whenselling gas.We highlight the following trends and dev...

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