Egypt mulls reducing oil drilling in Gulf of Suez

[highplainsdem]

Source: AP

The Associated Press June 23, 2010, 1:52PM ET

Egypt mulls reducing oil drilling in Gulf of Suez
By REEM ABDELLATIF


CAIRO

Egypt is considering whether to reduce oil drilling in the Gulf of Suez after oil from a spill last week washed up on pristine beaches along a stretch of its Red Sea coastline.

The government confirmed the spill Monday and said oil had leaked from one of several rigs off the coast of Hurghada, a resort about 315 miles (510 kilometers) southeast of the Egyptian capital, Cairo.

Oil washed up on the beaches in the area, which is Egypt's prime tourist destination known for colorful coral reefs and vibrant sea creatures.

The government says the leak has been contained, although environmentalists accuse the government of trying to cover up the extent of the damage.

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Read more: http://www.businessweek.com/ap/financialnews/D9GH4JIG1.htm

[lonestarnot]

1. Damn. More killing.