Egypt’s oil and gas sector managed to implement a number of new projects in the petrochemicals industry, execute an expansion strategy in infrastructure, in addition to following a plan to accelerate the delivery ...
The value of petroleum products exports hiked by 231.1% and crude oil by 35%, increasing the value of the total exports by 0.5% to reach $2.58 billion in April 2019.
Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.
Egyptian butane imports grew by 10.58% YOY, reaching 302,000 tons in March 2019, compared to the 273,100 imported in March 2018.
Egyptian butane imports decreased by 18.78% year-on-year (YOY), reaching 160,000 tons in February 2019, compared to the 197,000 imported in February 2018.
Egyptian butane imports during the first three months in 2019 were close to 60% of the country's butane cylinders.
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.
Egyptian butane imports decreased by 8.36% year-on-year (YOY), reaching 239,000 tons in January 2019, compared to the 260,800 imported in January 2018.
Egyptian butane imports fell by 23.17% YOY, reaching 181,000 tons in December 2018 compared to 235,600 imported in December 2017.
Iraqi crude oil cargoes contribute to the local market's fuel demands, preventing bottlenecks, Tarek El Molla, Minister of Petroleum, noted.
