Egypt Supplies 15.6 M Tons of Petroleum Products in 6 Months

Egypt Supplies 15.6 M Tons of Petroleum Products in 6 Months

Egypt supplied around 15.6 million tons of petroleum products to cover the local market’s demands, saving around 4.17 million tons due to the energy subsidies reform, said the government performance mid-annual report, submitted by Prime Minister, Mostafa Madbouly, according to Al Mal News.

Investments in the oil and gas sector’s exploration and production (E&P) recorded $2.6 billion, the report noted, revealing that exploration and development in the South Valley recorded $4.7 million.

According to the report, the government connected natural gas to 656,000 households.

Egypt further achieved self-sufficiency in natural gas after receiving the last liquefied natural gas (LNG) shipment in September 2018, the report stated.

Sarah Samir 3401 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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