Petroleum Imports | Egypt Oil & Gas

Egypt’s Petroleum Exports Grow by 33.8% in Q1 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.

Petroleum Trade Deficit Records $421 MM in FY 2019/20

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.

Petroleum Trade Deficit Drops 91% YoY

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 Decline by 47.5% in April

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%.

EGPC: Monthly Fuel’s Imports Slip to $900 MM in August

The value of the petroleum sector’s imports of monthly fuel retreated to nearly $900 million in August 2019, by about $300–400 million during the same period a year earlier, an official source in Egyptian General ...

Petroleum Sector to Achieve Self-Sufficiency Ahead of Time

The government is currently working on finishing all petroleum projects on time, if not earlier, to achieve its plans of self-sufficiency and be an exporter instead of an importer.

Egypt’s Petroleum Exports Increase by 5% in 2018: CAPMAS

Egypt's petroleum exports increased by around 5% to record $1.848 billion during the first nine months of 2018, compared to $1.761 billion in the same period of 2017.

Egypt to Import EGP 185b Worth Petroleum Products

Egypt will increase imports allocations from EGP 140b in 2017 to reach EGP 185b in 2018.

Banks Issued $6.34b Letters of Credit to Petroleum Imports

The Central Bank of Egypt (CBE) stated that the banks operating in the country issued letters of credit worth $6.34b for oil and gas imports during the period from January 2016 to December 2016.

Egypt’s Petroleum Imports Up by a whopping 95%

Egypt's petroleum imports increased 94.7 percent to LE7.82 billion in March from LE4.017 billion in the same period the previous year, state-run news agency MENA quoted the official statistics agency CAPMAS report on ...

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