Citations
CITATIONS
Kilian, Lutz, Not All Oil Price Shocks are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market (December 2006).
I –INTRODUCTION
Crude Oil Definition: A mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities. Depending upon the characteristics of the crude stream, it may also include 1. Small amounts of hydrocarbons that exist in gaseous phase in natural underground reservoirs but are liquid at atmospheric pressure after being recovered from oil well (casing head) gas in lease separators and are subsequently comingled with the crude stream without being separately measured. Lease condensate recovered as a liquid from natural gas wells in lease or field separation facilities and later mixed into the crude stream is also included; 2. Small amounts of nonhydrocarbons produced with the oil, such as sulfur and various metals; 3. Drip gases, and liquid hydrocarbons produced from tar sands, oil sands, gilsonite, and oil shale. Liquids produced at natural gas processing plants are excluded. Crude oil is refined to produce a wide array of petroleum products, including heating oils; gasoline, diesel and jet fuels; lubricants; asphalt; ethane, propane, and butane; and many other products used for their energy or chemical content.
Egypt is the largest oil producer in Africa that is not a member of the organization of petroleum exporting countries (OPEC), and the second largest natural gas producer in the continent, following Algeria. Egypt also plays a vital role in the international energy markets through the operation of the Suez canal and the Suez-Mediterranean (SUMED) pipeline, important transit points for oil and liquefied natural gas(LNG) shipment form Africa and Persian gulf states to Europe and the Mediterranean basin. Fees collected from operation of these two transit points are significant revenue to the Egyptian
Kilian, Lutz, Not All Oil Price Shocks are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market (December 2006).
I –INTRODUCTION
Crude Oil Definition: A mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities. Depending upon the characteristics of the crude stream, it may also include 1. Small amounts of hydrocarbons that exist in gaseous phase in natural underground reservoirs but are liquid at atmospheric pressure after being recovered from oil well (casing head) gas in lease separators and are subsequently comingled with the crude stream without being separately measured. Lease condensate recovered as a liquid from natural gas wells in lease or field separation facilities and later mixed into the crude stream is also included; 2. Small amounts of nonhydrocarbons produced with the oil, such as sulfur and various metals; 3. Drip gases, and liquid hydrocarbons produced from tar sands, oil sands, gilsonite, and oil shale. Liquids produced at natural gas processing plants are excluded. Crude oil is refined to produce a wide array of petroleum products, including heating oils; gasoline, diesel and jet fuels; lubricants; asphalt; ethane, propane, and butane; and many other products used for their energy or chemical content.
Egypt is the largest oil producer in Africa that is not a member of the organization of petroleum exporting countries (OPEC), and the second largest natural gas producer in the continent, following Algeria. Egypt also plays a vital role in the international energy markets through the operation of the Suez canal and the Suez-Mediterranean (SUMED) pipeline, important transit points for oil and liquefied natural gas(LNG) shipment form Africa and Persian gulf states to Europe and the Mediterranean basin. Fees collected from operation of these two transit points are significant revenue to the Egyptian
Citations: Kilian, Lutz, Not All Oil Price Shocks are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market (December 2006). * Nawar, Abdel-Hameed (2005). "The Emerging Landscape of the Natural Gas in Egypt". Cairo University, manuscript. * Nawar, Abdel-Hameed (2007). "From Marina to Kom-Ombo: A Note on Poverty in Egypt". Cairo University, manuscript August. * Nawar, Abdel-Hameed (2008). "PPI and Measuring Inflation in Business Transactions in Egypt". Cairo University, manuscript March. * Ministry of Investment (2005). Quarterly report (Second Quarter) financial. pp. 21.