Petroleum Products | Egypt Oil & Gas - Part 14
Misr Petroleum, Petronas to Establish New JV
Misr Petroleum Company and Petronas are preparing to launch a new joint venture (JV) for producing high quality lubricants and exporting them during Q1 2019, governmental sources told Al Borsa. The trademark for the n...
Petroleum Products Consumption Fell by 18% YOY
Egypt’s consumption of petroleum products dropped by around 18% year-on-year (YOY) in September 2018 to 2.585 million tons, compared to 3.156 million tons in September 2017, Egypt Oil & Gas reports. Statisti...
El Sisi: Egypt Consumes $42 B Worth Petroleum Products/Year
Egyptians consume around $42 billion worth petroleum products each year, said President Abdel Fattah El Sisi during the ‘Rebuilding Societies and States in the Context of Post-Conflict’ discussion at the W...
Egypt Spends Over $1.5B on Petroleum Products
Egypt spends over $1.5 billion monthly to secure local demand for petroleum products, said Minister of Petroleum Tarek El Molla, according to Reuters. The $1.5 billion are spent on importing petroleum products and on ... Petroleum Production Rose by 1.55% YOY in July
Production of crude oil, condensates, and butane increased by around 1.55% year-on-year (YOY) in July 2018, producing 2.818 million tons compared to 2.775 million tons in July 2017, Egypt Oil & Gas reports. Figure...
Consumption of Petroleum Products to Rise by 10.24%
Domestic consumption of petroleum products is expected to rise by 10.24% in fiscal year (FY) 2018/19 to reach 35.5 million tons, Egypt’s petroleum minister Tarek El Molla told Al Shorouk. The ministry is aiming ...
Egypt, ITFC Sign $2B Petroleum Finance Deal
The International Islamic Trade Finance Corporation (ITFC) has agreed to finance $2 billion worth of petroleum products, as a part of a larger $3 billion agreement with Egypt’s Ministry of Investment to fund the... Petroleum Production Drops by 2.56% YOY
Production of crude oil, condensates, and butane fell by 2.56% year-on-year (YOY) in June 2018, producing 2.63 million tons compared to 2.69 million tons in June 2017, Egypt Oil & Gas reports. Statistics published... 
