Oil and Gas Industry Issues in Egypt (Doc)

Added on - 21 Apr 2020

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Running head: OIL AND GAS INDUSTRY ISSUES IN EGYPTOIL AND GAS INDUSTRY ISSUES IN EGYPTName of the StudentName of the UniversityAuthor Note
1OIL AND GAS INDUSTRY ISSUES IN EGYPTEgypt comprises the non-member state in the Organization of Oil Exporting Countries(OPEC). It is the third largest producer of gas and fifth largest producer of oil in Africa1. Oil andgas industries have used fracking to recover gas trapped deep in the earth by drilling. Fracking isused to obtain fossil fuel reserves deep inside the earth’s surface. However, fracking wells cancause severe damage to the environment. Various countries have opposed and even banned sucha hazardous practice.Environmentalists have reported that drills break through the underground layers of dirt,rocks, gases and water, resulting in benzene, methane and other chemicals seeping into the soil,water and atmosphere. It is a threat for countries like Egypt, where there are severe waterscarcity and the sole source is Nile. Egypt is still looking to permanently ban fracking. Frackinghas become a problem, when companies do not use clean, proper materials and do not disposethe wastes properly2.Egypt does not have the necessary resources to monitor, carry out analysis and shut downthe companies that do not carry out responsible procedures. The Dana Gas Project in KomOmbo, situated beside the Nile river is an example of one such country. The weak enforcementsof regulations and the political disarray of Egypt can lead the companies to carry out proceduresthat can give rise to significant environmental issues. In Egypt, environmental issues are takenlightly and given low priority. Moreover, the presence of a weak legal framework also adds tothe problem.1Www.opec.org, 'OPEC : OPEC Share Of World Crude Oil Reserves' (Opec.org, 2017)<http://www.opec.org/opec_web/en/data_graphs/330.htm> accessed 6 November 2017.2Janusz, Barbara D. "Groundswill."Alternatives Journal41.2 (2015): 60-61.
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