Petroleum Products Consumption Declines 8.3% YOY
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.
Petroleum Products | Egypt Oil & Gas - Part 13
Egypt to Cut Petroleum Subsidies by 42% in FY 2019/20
The Egyptian government decided decreasing petroleum products subsidies by 42% in the budget plan of fiscal year (FY) 2019/20.
Petroleum Arrows Transports 8.5 M Liters of Petroleum Products
The company transports 3,000 tons per day of butane, recording around 63% of the total transported amounts across Egypt.
Egypt Supplies 15.6 M Tons of Petroleum Products in 6 Months
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.
MIDTAP Platform Receives 138 Shipments in 2018
The platform has made 4 million tons worth of petroleum trade movements in 2018, recording 52% increase from 2017.
Egypt’s Petroleum Transports Reach 147,131 Tonnes in FY 2016/17
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.
Petroleum Products Consumption Falls by 11.19% YOY
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.
Egypt Exports $3.1 B Worth Petroleum
Egypt exported petroleum products for $3.1 billion within a year, of which $0.5 billion came from fueling ships and planes.
Petroleum Products Consumption Falls by 11.6% YOY
Egypt’s consumption of petroleum products dropped by around 11.6% YOY in November 2018 to 2.542 million tons, compared to 2.877 million tons in November 2017.
SOPC to Produce 2 M tons of Petroleum Products in 2019/20
The company will conduct a number of projects with investments around EGP 700 million.
