Butane Imports Decrease by 18.3% Y.o.Y
Egypt’s butane imports decreased by around 18.3% year-on-year (Y.o.Y) between February 2017 and February 2018.
Egypt’s butane imports decreased by around 18.3% year-on-year (Y.o.Y) between February 2017 and February 2018.
Eni has announced that they have started operations at the second production unit at Egypt's Zohr natural gas field.
Zohr natural gas field output increased to reach 700 million standard cubic feet per day (mscf/d) on April 23.
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.
Iran has no plans to increase its annual crude oil output in the next fiscal year (FY) starting March 21.
The Egyptian Ministry of Petroleum and Mineral Resources plans to increase crude oil production by around 1.5% to meet its production target.
DEA Deutsche Erdoel AG announced a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta.
The Organization of the Petroleum Exporting Countries (OPEC)'s oil production increased in January 2018, following an eight-month low, due to higher output from Saudi Arabia and Nigeria.
Egyptian output of petroleum products has increased by 6.3% in 13 fiscal years (FYs) to reach 28.9 million metric tons (MT) in FY 2015/2016, compared to 27.1 million MT in FY 2002/2003.
Egypt plans to be an electricity transfer and circulation regional hub in 2018, as the county will be able to export its surplus of electricity during 2018.