Output from the Gulf of Suez region, long Egypt’s oil heartland, slumped from 313,000 b/d, 47% of the country’s total in 2010, to just 253,000 b/d for the first nine months of 2017 (see chart 1).

Output has been below 40% of the Egyptian total – a level never before breached – in six of the last eight quarters. (CONTINUED - 1511 WORDS)