Khalda’s Investments to Reach $792 MM in FY 2020/21
Khalda Petroleum Company's (Apache) investments are expected to reach $792 million during Fiscal Year (FY) 2020/21.
butane | Egypt Oil & Gas - Part 3
EGPC, Sonker Amend Trading Categories of Diesel, Butane
The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of a contract amending the trading categories of diesel and butane at Sonker’s bulk terminal.
Egyptian Government Secures Butane’s Strategic Reserves
The Egyptian government has prolonged the butane’s strategic reserves to 32 days, compared to only 15 days earlier as strategic reserves increased after building up two reserves in Alexandria and Sohag provinces d ...
Butane Local Consumption Rate Decreases 5%: El Molla
The ministry said that the use of natural gas expanded locally in homes and retail stores after the new pricing indexation mechanism, which contributed to the relatively low consumption rates of butane, reaching 5 ...
Petroleum Arrows to Raise Product Distribution by 5%
Petroleum Arrows aims to increase the distribution rate of the industrial gases, ammonia and high-grade propane, and transporting the petroleum products with 5% by the end of Q4 in 2019.
Egypt’s Fuel Exports Surpass $600 MM
The petroleum sector’s fuel exports’ total value exceeded $600 million.
Fuel Consumption Decreases by 5% in July
Fuel consumption declined by 5% during July, following the introduction of the automatic fuel pricing mechanism.
Diesel Consumption Reaches 1.18 MM Tons per Month
The current diesel production rate stands at 500,000 tons per month, covering around 45% of the local consumption.
Egyptian Butane Imports Increase by 10.58% YOY
Egyptian butane imports grew by 10.58% YOY, reaching 302,000 tons in March 2019, compared to the 273,100 imported in March 2018.
Egypt Increases Pumped Fuel by 7% during Ramadan
Butane will be increased the most as the county is adding 100,000 butane cylinders per day to the amounts pumped into the market, boosting the total to 1.25 million cylinders per day.
