Egypt Diesel Consumption Drops 4.1% YOY
Egypt’s diesel consumption decreased by 4.095% YOY in December 2018, recording 1.171 million tons, down from the 1.221 million tons of December 2017.
News / Egypt
Aramco to Pump Crude Oil into Egyptian Refineries
Egypt has renewed the agreement with Saudi Aramco to provide Egyptian refineries with crude oil for six months starting from January 2019.
ERC Commercial Operations to Start in Q3 2019
ERC is 99.28% complete, and the diesel producing unit has been successfully tested.
El Molla Launches PMRD 22nd Conference, Exhibition
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, launched the 22nd International Conference and Exhibition on Petroleum, Mineral Resources, and Development (PMRD) on February 26th, under the theme of 'Egypt- Africa Towards Development'.
Egyptian Butane Imports Drops by 23.17% YOY
Egyptian butane imports fell by 23.17% YOY, reaching 181,000 tons in December 2018 compared to 235,600 imported in December 2017.
El Molla Reviews Abu Tartur Phosphate Project
The Abu Tartur project will use 2 million tons of phosphate ore per year, which will be the main input of production.
Petroleum Products Consumption Falls by 11.19% YOY
Egypt’s consumption of petroleum products dropped by around 11.19% YOY in December 2018 to 2.596 million tons, compared to 2.923 million tons in December 2017.
Midor Reaches Financial Closure for Expansion Upgrades
Midor reached financial closure for the $2.2 billion expansion and upgrade program for its Alexandria refinery
Egypt’s Natural Gas Output Increases 20.99% YOY
Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.
Monday Minutes: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience
