/ 3 December 1999

EGYPT STRIKES OIL AND GAS

EGYPT’s Oil Ministry has discovered four new oil and gas fields with an estimated total production of 5240 barrels per day of oil and total reserves of 41,5-million barrels. Official figures show Egyptian oil production in September was running at 768000 bpd versus 803100 bpd in September 1998. The Oil Ministry said in September the number of discoveries in 1999 had reached 17, nine of them oil and eight natural gas.