Diesel Output Fell by 7.8% Y.o.Y
Egypt’s diesel production decreased by around 7.8% year-on-year (Y.o.Y) to 544,000 tons in November 2017, compared to 590,000 tons in November 2016.
News / Egypt
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.
NBK-Egypt Renews Financing Deal Worth $10 B for EGPC
The National Bank of Kuwait-Egypt (NBK-Egypt) agreed on the renewal of a $10 billion financing agreement to support EGPC to meet its financial needs.
Egypt Signs New Petrochemical Contracts
Minister of Petroleum, Tarek El Molla, witnessed signing two urea selling and supplying contracts for Suez for Methanol Derivatives project, as well as two supply commercial propane supply contracts for Sidpec's Polypropylene project.
ITFC Eyes Financing Petroleum Projects in Egypt
International Islamic Trade Finance Corporation (ITFC) expressed interest in financing projects of the Egyptian oil and gas sector.
Agiba Petroleum to Produce 16.4 mscf/d in FY 2018/2019
Agiba Petroleum Company plans to produce 16.4 million standard cubic feet per day (mscf/d) during fiscal year (FY) 2018/2019.
Egypt’s Butane Imports declined by 11.45%
Egypt’s butane imports fell by around 11.45% year-on-year (Y.o.Y) to record 193,300 tons in November 2017, compared to 218,300 tons in November 2016.
EGAS Secures 5 LNG Cargoes for Q2 of 2018
The Egyptian Natural Gas Holding Company (EGAS) secured receiving five LNG cargoes during the second quarter of 2018.
EBRD to Support Petroleum Sector Restructuring
The European Bank for Reconstruction and Development (EBRD) will provide technical assistance in the new structure of Egypt's oil and gas sector.
Egypt’s Consumption of Petroleum Products Decreases by 4.4% Y.o.Y
Consumption of petroleum products declined by 4.4% Year-on-Year (Y.o.Y), from 3 million tons in November 2016 to 2.877 million tons in November 2017.
