Egypt’s Fuel Exports Declined in 2016

Egypt’s Fuel Exports Declined in 2016

Egyptian fuel exports decreased by 22.6% during the period from January 2016 to September 2016, with export revenue reaching EGP 16.2b during this period. This came as Egypt’s fuel exports for the same period in 2015 were EGP 21b, reported Amwal Al Ghad.

However, the monthly bulletin that was released by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that fuel exports rose by 56.9% in September 2016 to EGP 2.1b versus EGP 1.3b pounds in September 2015.

Moreover, during the first nine months of 2016, Egypt’s exports of petroleum products recorded EGP 811.2m compared to EGP 8.7b pounds at the same period of 2015. Thus, Egypt’s exports of petroleum products declined by 90.7%.

The CAPMAS record further noted that Egypt’s exports of coal declined by 27.6% to EGP 347.7m in the time from January to September 2016 compared to EGP 480.5m at the same time of 2015.

In addition, CAPMAS bulletin explained that Egyptian exports of crude oil decreased by 6 % during the same period of 2016 to EGP 11.1b compared to EGP 11.8b at the first nine months of 2015.

In related news, Royal Dutch Shell had exported three liquefied natural gas (LNG) cargos through its EDCO plant for liquefaction since September 2016, after obtaining 200mcf/d of gas from production at the Burullus fields.


Sarah Samir 3376 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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