- Title: EGYPT: EGYPTIAN POLITICIANS VISIT MORGAN OIL FIELD IN GULF OF SUEZ.
- Date: 22nd September 1973
- Summary: 1. AERIAL VIEW Offshore oil rig 0.13 2. GV Oil tanks TILT delegation visiting installation 0.19 3. MV Ditto 0.22 4. GVs Various shots oil rig installations (4 shots) 0.38 5. GV Men work on pipes (4 shots) 1.01 6. MV TILT Arab workmen mix cement PAN pipes 1.14 7. MV Men work on oil installation (2 shots) 1.26 Initials BB/2138 TM/PN/BB/2153 Script is copyright Reuters Limited. All rights reserved
- Embargoed: 7th October 1973 13:00
- Keywords:
- Location: GULF OF SUEZ, EGYPT
- Country: Egypt
- Reuters ID: LVAW0GW7845O5V4NR95XGRMSXBC
- Story Text: The Industrial Committee of the Egyptian People's Assembly began a three-day tour of Egyptian petroleum and mining resources on Friday (21 September) with a visit to the Morgan oil field is the Gulf of Suez.
The Morgan oil field is the largest producing oil installation in Egypt, with an output of 120,000 barrels a day. Thirty per cent of this goes to the United States in tankers, which provide the American company's share of the joint venture with Egypt.
At present, a water-injection system is being installed to push production in the older wells. When this system begins operation in January 1974, along with the oil production from newly-discovered wells, the output of the Morgan field is expected to triple.
Egypt continues to strongly advocate the use of Arab oil resources as a means of pressuring the oil-hungry world powers to bring a solution to the Middle East crisis. But there is no sign of a slowdown in production or freezing of supplies at the Morgan field.
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