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FINANCIAL NEWS
Egypt oil and gas production unaffected by crisis
16 Aug 2013
(MENAFN) The uprising in Egypt did not affect oil and gas production by companies despite some closing their offices for a few days, Arab News reported.
A BP spokesman said: “Operations and production are unaffected. We are monitoring the security situation in the (urban) areas where we have offices. All our people are safe and accounted for.”
About 728,000 barrels of oil per day, 0.9 percent of total global production, are produced in the North African country . 1.8 percent of the globe’s supply of gas rests in Egypt with 60.9 billion cubic meters.
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