A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi
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ExxonMobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals' success in the country and boost its reserves, officials and industry sources said.Egypt in 2016 had reserves of 3.5 billion barrels of oil and 1.8 trillion cubic meters of gas, according to BP's Statistical Review of World Energy.Along with Eni, BP and Royal Dutch Shell also have significant operations in Egypt in offshore gas production, which is consumed domestically although Cairo aims to become a gas exporter.In 2016, Exxon's stockpile of total proved oil reserves fell 4 percent to 7.75 billion barrels.Exxon's oil production up to the end of the third quarter stood at 3.9 million barrels of oil equivalent per day, down about 6 percent from the end of 2016 .
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