Petroleum Exports, Imports Value Decrease Y.o.Y

Petroleum Exports, Imports Value Decrease Y.o.Y

Egypt’s oil exports value decreased by 10% year-on-year (Y.o.Y) to reach $208 million in October 2017, compared to $231 million in October 2016, while non-oil exports value jumped by 26.1% to $2.035 billion from the $1.614 billion in October 2016, Egypt Oil & Gas reports.

The country’s oil imports value fell by 9.3% to record $411 million in October 2017, compared to $453 million in the same month of the preceding year, according to statistics released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Meanwhile, non-oil imports value dropped by 2.8% to reach $5.046 billion in October 2017, from $5.19 billion in October 2016.

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Sarah Samir 3501 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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