Egypt’s oil output fell for a third straight month to just 570,000 b/d for July, just above the 40-year low 567,000 b/d hit in February. For the key Western Desert region, July’s output of 275,000 b/d was the lowest since 2009 (see chart), as was the region’s gas output of 976mn cfd.
But just as the Western Desert has been central to the slump, the region is also central to hopes of an output rebound. (CONTINUED - 805 WORDS)
