Transcription of PETROLEUM SECTOR DEVELOPMENTS IN EGYPT
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PETROLEUM SECTOR DEVELOPMENTS IN EGYPT
PETROLEUM SECTOR DEVELOPMENTSIN EGYPTM arch 2009 2009 Business Studies & Analysis Center. All rights reserved. Unauthorized reproduction, copying, re-mailing, storage or website posting is prohibited. Allinformation in this report is verified to the best of the author s and the publisher s ability. The researcher would like to extend deep appreciation and gratitude to the followingexperts and key figures for their support and valuable comments throughout thepreparation of this study (names are listed alphabetically) Sameh Fahmy (Eng.), Minister of PetroleumAbd El Rahman Salah El Din (Eng.), Executive Chairman, New & Renewable Energy Authority Khaled Abu Bakr (Eng.), Managing Director, TAQA (Arab Company for Energy)Nader Zaki, Head Of Finance, Gas, BP EgyptRodney J. Eichler, Executive Vice President and General Manager, Apache EgyptSalah Hafez, Chairman, PETZED Investment & Project Management, Hamdy (Eng.), First Undersecretary, Ministry of PetroleumTawfik Diab (Eng.)
AmCham BSAC 2009 ii After a recent period of steady growth, global oil production and reserves have declined for the first time since 2002. Global demand for oil continued to increase up to the first
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