subject: Analytics of Egypt Oil industry [print this page] Analytics of Egypt Oil industry Analytics of Egypt Oil industry
The national excitements in Egypt and other Arabian countries have tired out quotations of oil of a grade Brent above $100 for a barrel. What is the place of Egypt on the oil and gas World map? How many oil and the gas are extracted in Egypt, what companies work in this country?
According to the results of 2009 on deposits of Egypt it is extracted 35, 3 million tons of oil. It approximately corresponds to the level of Sultanate Oman and three times less than a similar indicator of Kuwait. In world oil recovery on a share of Egypt it's necessarily is about 1 %. In Egypt petroleum-refining industry is enough developed. The internal consumption of oil makes 33, 7 million tons in a year. For export it is delivered only small part of the extracted oil and the oil products made from it.
Gas production in Egypt according to the results of 2009 62, 7 billions in universal gas production on a share of Egypt is necessary cubic m. about 2 %. Internal consumption of gas makes 42, 5 million tons a year, therefore the considerable part of extracted gas is delivered in neighboring countries.
International companies in Egypt
Interest to deposits of Egypt is shown almost by all international oil and gas companies - ExxonMobil, BP, Total, ENI, and Chevron. From the Russian companies in Egypt work LUKOIL and Novatek. LUKOIL develops continental deposits WEEM and Meleiha, conducts prospecting works on sea sites Nort-East Geisum and West Geisum. Novatek searches for stocks of hydrocarbons on a sea site the Ale-arish.
The great value for the World economy has Suez channel connecting Red sea with Mediterranean. Through Suez channel passes the shortest route of transportation of oil from Persian Gulf to Europe and the USA, on it is transported about 1, 8 million barrels of oil cargoes a day. In parallel (from Suez to Port Said) oil pipeline SUMED on which it is pumped over an order of 1, 1 million barrels of oil a day is laid the channel. In case of occurrence of problems with use of Suez channel and pipeline SUMED oil tankers should make a detour of Africa, overcoming in addition some thousand kilometers.
