Petroleum Imports Dip by 37.2% Y.o.Y.
Year-on-year oil imports decreased in value by 37.2% in September, falling from $452 million in September 2016 to $284 million in September 2017.
Egypt | Egypt Oil & Gas - Part 294
EGAS to Launch LNG Tender in January
Egyptian Natural Gas Holding Company (EGAS) will offer a tender in January for the importation of liquefied natural gas (LNG) during the second quarter of 2018.
Electricity Production, Consumption Increase
Egypt generated 17.1 kWh of electricity in September, a 2.4% year-on-year (Y.o.Y.) increase from the 16.7 kWh generated in September 2016.
Natural Gas Consumption, Production Increase Y.o.Y.
Natural gas production in October increased 14.7% year-on-year (Y.o.Y.), rising to 3.27 million tons in October 2017 from 2.85 million tons in October 2016.
Butane Consumption Falls 5.4% Y.o.Y.
Year-on-year (Y.o.Y.) butane consumption fell 5.4% in October, decreasing from 360,600 tons in October 2016 to 341,200 tons in October 2017.
Diesel Production, Consumption Down from 2016
Consumption of diesel fell 9.07% to 1.203 million tons in October from 1.323 million tons in October 2016.
El Molla Calls for Emphasis on Production
Egypt’s oil and gas sector needs to focus on production, not services, the Minister of Petroleum and Mineral Resources, Tarek El Molla, said.
COOP Signs Protocol to Establish Stations in Qena
Petroleum Cooperative Society Company (COOP) signed a protocol with the Qena Governorate Local Services and Development Fund to establish automobile-maintenance stations and a filling station.
Oil Receives 1% of Investments
Oil investments equaled 1% of the money invested in Egypt during the third quarter of fiscal year (FY) 2016/2017.
Shell Participates in the BEBA Delegation
Shell Egypt was among the firms in the delegation of the British Egyptian Business Association (BEBA) to the UK.
