Egypt’s consumption of petroleum products fell by around 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018, Egypt Oil & Gas reports.
The country’s output of crude oil, condensates and butane slightly increased by around 2.78% Y.o.Y to be 2.554 million tons during February 2018, from the 2.485 million tons produced in February 2017, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt’s daily crude oil production has increased by 4.3% so far in 2018, compared to 2017, said head of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal, according to Al Mal News.
Egypt is currently producing 657,000 barrel per day (b/d) compared to 630,000 b/d during 2017.
Ezz El Regal revealed the figures on the sidelines of the annual Mediterranean Offshore Conference and Exhibition (MOC 2018) that took place in Alexandria April 17 and 19.