Egyptian Oil Minister Intends to Alter the Terms of Gas Export Contracts with Israel and Jordan

摘要

In line with the principle of "transparency" introduced by the revolution of 25 January, the new Egyptian Oil Minister, Mr. Abdallah Ghorab, held a press conference on 21 March to explain that he did not have the authority to suspend natural gas exports to Israel, adding that the volumes being exported to the country did not exceed 4% of total Egyptian production, which was running at 6.3 billion cubic feet/day at present. "Despite that, and if the Egyptian market needed it, we would not hesitate to pump the gas to the domestic market," declared Mr. Ghorab. "All the agreements will be reviewed on the basis of priority for our needs."