March/April 2003 Issue

Egypt: Oil

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Oil Reserves1 3.7 Billion barrels
2002 Oil Production1 273.75 Million barrels
2002 Oil Production Value2 $6.378 Billion
2002 Oil Production as Percentage of GDP3 7.84%
Companies Actively Pumping Oil3 Egyptian General Petroleum Corporation; BP-Amoco (UK); Deminex (Germany); TotalFina-Elf (France); ENI-Agip (Italy); Exxon-Mobil (USA); Marathon (USA); Repsol (Spain); Royal Dutch Shell (UK and Netherlands); Chevron Texaco (USA)

1 Source: Oil & Gas Journal, December 23rd 2002; pp. 113-115
2 Based on average imported refiner acquisition cost, January to October, 2002. Source: Monthly Energy Review, www.eia.doe.gov/emeu/mer/prices.html
3 Source: Energy Information Administration country analysis briefs, www.eia.doe.gov/emeu/cabs/

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