Petroleum Sector Imports Projected at $16m for Current Fiscal Year

Petroleum Sector Imports Projected at $16m for Current Fiscal Year

Egypt expects to import 28.6 million tons of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said.
The government expects to buy 7.79 million tons of LNG for $3.55 billion and 6.37 million tons of crude oil for $3.51 billion, the ministry said in a handout given to journalists at a news conference on its economic development plan for the current fiscal year, which started on July 1.

Source: Reuters & Arab News

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