Egypt Imports 60% of Butane Consumption
Egyptian butane imports during the first three months in 2019 were close to 60% of the country's butane cylinders.
imports | Egypt Oil & Gas - Part 5
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.
Egypt exported petroleum products for $3.1 billion within a year, of which $0.5 billion came from fueling ships and planes.
Egyptian butane output grew by 12.42% YOY, reaching 153,000 tons in November 2018 compared to 136,100 produced in November 2017.
Benzene, diesel and butane are the most imported fuels due to local consumption.
The country's exports did not have any amounts sent through pipelines in fiscal year (FY) 2017/18.
Egypt's petroleum trade deficit dropped by 29% year-on-year (YOY) in Q1 of fiscal year (FY) 2018/19, recording -$688.1 million, compared to -$970.4 million in same period of 2017/18.