The Egyptian Ministry of Petroleum is preparing for Ramadan through increasing the petroleum products amounts pumped into the local market by 15% to 20%, while placing extensive monitoring on distribution from ref ...
Egypt’s consumption of petroleum products decreased by around 11.82% year-on-year (YOY) in February 2019 to 2.365 million tons, compared to 2.682 million tons in the same month last year.
The plan will be carried out after the quantities of petroleum products sold for each citizen through fuel stations are specified.
Egypt’s consumption of petroleum products decreased by around 8.3% year-on-year (YOY) in January 2019 to 2.649 million tons, compared to 2.896 million tons in January 2018.
The Egyptian government decided decreasing petroleum products subsidies by 42% in the budget plan of fiscal year (FY) 2019/20.
The company transports 3,000 tons per day of butane, recording around 63% of the total transported amounts across Egypt.
Investments in the oil and gas sector's E&P recorded $2.6 billion, the report noted, revealing that exploration and development in the South Valley recorded $4.7 million.
The platform has made 4 million tons worth of petroleum trade movements in 2018, recording 52% increase from 2017.
Egypt transported a total of 147,131.3 tonnes of petroleum products during FY 2016/17 through different means, compared to 150,384.1 tonnes in the previous year.
Egypt’s consumption of petroleum products dropped by around 11.19% YOY in December 2018 to 2.596 million tons, compared to 2.923 million tons in December 2017.
