Egypt’s consumption of petroleum products fell by 15.97% year-on-year (YoY) to reach 2.815 million tons in March 2018, compared to 3.35 million tons in March 2017, Egypt Oil & Gas reports.

The country’s output of crude oil, condensates and butane slightly increased 4.5% YoY to 2.829 million tons during March 2018, up from the 2.706 million tons produced in March 2017, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).

The Egyptian Minister of Petroleum, Tarek El Molla, previously said that Egypt will achieve self-sufficiency in petroleum products within three years, according to Al Masry Al Youm.

Reaching self-sufficiency does not mean halting crude oil imports, El Molla said recently. The minister explained that Egypt will keep importing crude oil to be refined. A portion of the refined products will then be directed to cover the demands of the local market, while the surplus will be exported.