The Egyptian oil and gas sector managed to boost production rates during the second half of 2018 to reach 665,000 barrels per day (b/d) of crude oil and condensates, which covers around 75% of the local market’s demands, a source at the Ministry of Petroleum (MoP) told Amwal Al Ghad.

The country secures from 50% to 60% of benzene and diesel’s local demand, coming as the highest imported products, the source said, adding that the sector aims to increase locally produced benzene and diesel, as well as crude oil and condensates in 2019.

The source pointed out that the foreign partners’ production shares, which the government buys from partners, play an important role in covering the market’s demands and decreasing imports.