The gap between Egypt’s production and consumption of fuel decreased to 25%, compared to 35% at the beginning of 2018, an official source at the Ministry of Petroleum told Amwal Al Ghad.
This means that the country is consuming 25% more fuel than it produces.
The Egyptian oil and gas sector is working on decreasing the gap gradually by boosting production rates from recently-discovered fields, the source pointed out.
The source explained that new refining projects will support the country’s ability to cover domestic consumption. The government will then decrease fuel imports in parallel to the falling fuel subsidy allocations.