Egypt Records $13B in Petroleum Exports in Nine Months
The Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with surplus $4 billion during the first nine months of the fiscal year (FY) 2021/22.
The Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with surplus $4 billion during the first nine months of the fiscal year (FY) 2021/22.
Egypt's petroleum exports contributed to the decline in the value of the deficit in the country's trade balance during the first quarter of 2022 to $7.4 billion, down by 33.7% on an annual basis from $11.16 billio ...
The Ministry of Petroleum and Mineral Resources announced that the Egyptian petroleum trade balance achieved a surplus of EGP 46.4 billion in 2021.
Egypt’s petroleum exports have gone up by 33.8% in Q1 2021 recording $1.819 billion against $1.359 billion in Q1 2020.
The petroleum trade deficit recorded $421 million by the end of the fiscal year (FY) 2019/20, compared to a surplus of $8.1 million recorded in the previous year.
Misr Petroleum will export a third shipment of high-quality motor and industrial petroleum to Rwanda, stated Hussien Fathy the Chairman of Misr Petroleum.
The recent oil slump has narrowed the petroleum trade deficit in Q1 2020 by $405.1 million, amounting to $40 million against 445.1 million in Q1 2019, a 91% year-on-year (YoY) decrease.
Crude oil imports have amounted to $119.1 million in April compared to $227 million in April 2019, with a noticeable decline of 47.5%.
The total exports of fuel, mineral oils, and their products have amounted to about $2.652 billion in Q2 of Fiscal Year (FY) 2019/20.
The Ministry of Petroleum and Mineral Resources plans to boost petroleum exports to $8.5 billion by the end of fiscal year (FY) 2019/20, up from $7.7 billion in the previous FY.
Notifications