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 first day of the annual Mediterranean Offshore Conference and Exhibition (MOC 2018), that began in Alexandria on April 17^th.

Figures published by the Central Agency for Public Mobilization and Statistics (CAPMAS) show that the country’s output of crude oil, condensates and butane increased by 0.79% in January 2018. Egypt produced 2.805 million tons in January 2018, compared to 2.783 million tons in January 2017.

Moreover, Egypt’s consumption of petroleum products fell from 3.282 million tons in January 2017 to 2.896 million tons in January 2018, a 11.76% year-on-year decrease.