Petroleum Production Rose by 1.55% YOY in July
Production of crude oil, condensates, and butane increased by around 1.55% year-on-year (YOY) in July 2018, producing 2.818 million tons compared to 2.775 million tons in July 2017.
Production of crude oil, condensates, and butane increased by around 1.55% year-on-year (YOY) in July 2018, producing 2.818 million tons compared to 2.775 million tons in July 2017.
Egypt's natural gas output rose by 14.9% year-on-year (YOY) to reach 3.873 million tons in July 2018, compared to 3.371 million tons in July 2017.
The gap between Egypt's production and consumption of fuel has decreased to 25%, compared to 35% at the beginning of 2018.
Egypt's average consumption of natural gas will grow to reach around 9 billion cubic feet per day (bcf/d) by 2020/21 because of Egypt's industrial development plan.
Algeria’s oil and gas exports fell 2.8% year-on-year (YOY) in Q1 2018 due to higher domestic consumption and lowered production.
Egypt's butane imports decreased by around 16.4% year-on-year (YOY) as the country imported 139,800 tons in June 2018, compared to 167,600 tons in June 2017.
Production of crude oil, condensates, and butane fell by 2.56% year-on-year (YOY) in June 2018, producing 2.63 million tons compared to 2.69 million tons in June 2017.
Egyptian natural gas production increased by 19.4% year-on-year (YOY) to reach 3.805 million tons in June 2018, compared to 3.187 million tons in June 2017.
Egyptian electricity production increased by around 5.6% year-on-year (YOY) as the country generated 15 megawatts per hour (MWh) in April 2018, compared to 14.2 MWh in April 2017.
Egypt's butane imports increased by 10.37% year-on-year (YOY) in May 2018, importing 218,100 tons compared to 197,600 tons in May 2017.