*The start-up of BP’s offshore Raven gas field in April boosted Egypt’s Mediterranean condensate output to a record 52,800 b/d.

*Though Egypt’s overall condensate production at 91,700 b/d for April remained slightly down on the recent high of 93,000 b/d hit in November 2019, a full month of Raven output for May has almost certainly boosted the country’s condensate output to the highest level since at least 2013 (see chart 1). (CONTINUED - 679 WORDS)