EGYPT'S Petroleum and Mineral Resources Ministry said private Egyptian oil company Balaim made an oil discovery in the southern sector of the Gulf of Suez off Egypt that could yield as much as 2,200 b/d of crude, OPEC News Agency reported. The company made the find in a gas prone area. Egypt's crude production in 1991 was about 894,000 b/d, while its oil exports last year brought the country $1.3 billion in revenues.

Dec 14th, 1992
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