Egypt Oil & Gas Output Both See February Slump

*Egypt’s gas output fell by a further 200mn cfd to 6.132bn cfd for February leaving it more than 1bn cfd below September 2021’s peak of 7.193bn cfd.

*Condensate production has fallen in line with that of gas with February alone seeing a 6% fall to 91,700 b/d, more than cancelling out a slight rise to 483,000 b/d in crude output to leave overall oil production down 1% at 575,000 b/d (see chart 1). (CONTINUED - 444 WORDS)