Eni Discovers Oil in Egypt’s Faghur Basin
Eni has made a new oil discovery in Egypt's Faghur basin, located in the Western Desert.
News / Egypt
Egypt’s Daily 95-Octane Consumption More Than Doubles
Egypt’s daily national consumption of 95-octane benzene has increased by over 480% to average at 530,000 liters in April 2018, compared to 110,000 liters before June 2017.
IMF: 5.2% Egypt GDP in 2018
Egypt's gross domestic product (GDP) will reach 5.2% during 2018, up from 4.2% in 2017, according to new IMF projections.
Egypt’s Daily Consumption of 92-Octane Falls to 12.6M Liters
Egypt’s daily consumption of 92-octane benzene has reached around 12.6 million liters.
Egypt’s Diesel Consumption Falls 9.12% Y.o.Y
Egypt’s consumption of diesel reached 1.016 million tons in February 2018, a 9.12% year-on-year (Y.o.Y) decrease.
Butane Imports Decrease by 18.3% Y.o.Y
Egypt’s butane imports decreased by around 18.3% year-on-year (Y.o.Y) between February 2017 and February 2018.
Egyptian Consumption of Petroleum Products Drops 14.45% Y.o.Y
Egypt’s consumption of petroleum products fell by 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018.
Egyptian Natural Gas Output Increases 24.8% Y.o.Y
Egyptian natural gas output increased 24.8% year-on-year (Y.o.Y), reaching 3.191 million tons in February 2018 compared to 2.556 million tons in February 2017.
TransGlobe Completes Drilling K-45 Development Well in Egypt
Transglobe Energy Corporation has announced the completion of a drilling operation at Egypt's K-45 development well.
Egypt to Pay $200M in Arrears to IOCs
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to international oil companies in June 2018.
