EOG Newspaper November 2012 Issue

Page 1

Interview

Infocus P.20

With Mohamed Shoeib before leaving his post as EGAS Chairman

The Future of Natural Gas in the Mediterranean Projects P.24

Toyo and ENPPI Ethylene Plant in Ethydco Complex

P.22

Bullion Market GOLD

Price 1751.8

Percentage +7.43%

Price 33.92

SILVER

HIGHLIGHT

Percentage +17.33%

Minsiter of Petroleum appoints new heads in the sector.

Crude Oil USD/BBL

WTI BRENT

Price 94.72 112.90

Percentage +0.58% +0.55%

P.05

November 2012

Issue 71

www.egyptoil-gas.com

28 Pages

Several false reports have been circulating in the Egyptian and Arab-speaking media, suggesting that Israel and Cyprus had taken over three Egyptian natural gas fields in the Mediterranean Sea. The dilemma was instigated by Egyptian geologists Khaled Ouda and Engineer Khalid Al-Shafei, who claimed that Israel took the opportunity of the Egyptian official ineptness and commenced drilling operations within Egyptian territorial waters as early as April 2012. P.16

Political Review

Mediterranean News

The Egyptian Natural Gas New Legal Challenges over the East Mediterranean Gas

New Mediterranean Development Well by Rashpetco

Egypt, Israel, Lebanon, Syria, Cyprus and Turkey are expected to explore and exploit oil and gas in the East Mediterranean Sea. They plan to control these huge reserves which may change the world energy map and would have great influences on the economic status of the involved countries. P.14

New section

Rashid Petroleum Company (Rashpetco) has concluded the drilling of a new developmental well in its concession area in the Mediterranean Sea, as part of its 2012-2013 development plan. P.08


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EOG Newspaper November 2012 Issue by Egypt Oil & Gas - Issuu