Egypt’s Diesel Output Falls 8.73% Y.o.Y
Egypt produced 554,000 tons of diesel in January 2018, an 8.73% year-on-year decrease.
Egypt | Egypt Oil & Gas - Part 293
Egypt produced 554,000 tons of diesel in January 2018, an 8.73% year-on-year decrease.
Egypt’s butane imports increased 19% year-on-year between January 2017 and January 2018.
Egypt’s consumption of petroleum products fell from 3.282 million tons in January 2017 to 2.896 million tons in January 2018, a 11.76% year-on-year decrease.
Egyptian natural gas output increased 28.45% year-on-year, reaching 3.595 million tons in January 2018 compared to 2.799 million tons in January 2017.
The Advanced Energy Systems company has announced revenues of $157.6 million in 2017, a 17.5% year-on-year increase from 2016.
Schneider Electric announced that its work in the first phase of Egypt’s natural gas field amounted to around $73.88 million as the company supplied the main equipment of the wells.
The Egyptian Ministry of Electricity and Renewable Energy has said that the improvement of temperature has helped to stabilize the electrical loads on the country's national grid.
Egypt’s total natural gas production reached around 5.4 billion cubic feet per day (bcf/d) in February 2018, a source in the oil and gas sector has revealed.
The Egyptian government has announced the names of 23 state-owned firms to be listed for initial public offering (IPO) on the Egyptian Exchange (EGX).
The Alexandria Mineral Oils Company (AMOC) has reached an agreement with five financial organisations to fund its $500 million refinery project.