The Egyptian local market consumed around 275,000 tons per week, across the state’s sector, while the country’s output reached 130,000 per week, Head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, told Amwal Al Ghad.

Most of the diesel production is targeted to cover the consumption of citizens and electricity generation power plants, which consume loads of diesel and natural gas, Ezz El Regal pointed out.

He pointed out that securing petroleum products and natural gas supplies is a strategic priority for the oil and gas sector to cover the demands of different economic sectors and to play a part serving the objectives of sustainable economic development, which aims to maximize the added value of Egypt’s oil wealth.

Ezz El Regal noted that 2018 will see the entry of a number of oil and natural gas fields and putting them on the production map, which will have a positive impact in increasing Egypt’s oil and gas output and reduce the gap between production and domestic consumption.