This week’s Egypt Petroleum Show (EGYPS) in Cairo was intended as a statement that Egypt’s upstream is back and back big. And by and large it achieved this aim, with the CEOs of Total and BP joining oil minister Tarek El Molla in singing Egypt’s praises.

A gleaming Mr Molla says ExxonMobil’s entry into Egypt adds “flavor to Egypt’s market and oil and gas sector.” (CONTINUED - 2366 WORDS)