Iraq’s Southern Oil Exports Reach 3.42 MM b/d in July
Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (b/d) since the beginning of July.
Exports | Egypt Oil & Gas - Part 11
Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (b/d) since the beginning of July.
Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.
Egypt is expected to export around 12 million tons of natural gas for $2 billion in fiscal year (FY) 2019/20, compared to 4 million tons exports for $589 million in FY 2018/19 budget plan.
EGAS decreased the natural gas amounts exported via Idku liquefaction plant to 500 million standard cubic feet per day (mmscf/d) instead of the 800 mmscf/d exported in March.
Egypt plans to double its exports of liquefied natural gas (LNG) by the end of 2019 to reach 2 bcf/d.
Al-Manar Group plans to boost its exports to 10% in 2019, as the company increases its lubricant production capacity and supplies them to a number of new Arab and African markets.
Oil goods exports grew by 18.4%, recording $14.3 billion in H1 FY 2018/19 compared to $12.1 billion in H1 FY 2017/18, which contributed to decreasing the deficit in the balance of trade.
The company produced 5 million tons of different high quality petroleum products that meet global standards.
The plan is to export LNG from some of Zohr's production to the European markets upon obtaining a license from the Ministry of Petroleum.
The LNG cargoes are offered in a tender that is set to close on March 18 in order to be awarded by March 21.