Egypt’s Consumption of Petroleum Products Falls 11.76% Y.o.Y
Egypt’s consumption of petroleum products fell from 3.282 million tons in January 2017 to 2.896 million tons in January 2018, a 11.76% year-on-year decrease.
Egypt’s consumption of petroleum products fell from 3.282 million tons in January 2017 to 2.896 million tons in January 2018, a 11.76% year-on-year decrease.
Petroleum Arrows Company transported 3 billion liters of petroleum products during 2017.
The Iraqi Ministry of Oil announced plans to decrease imports of petroleum products by 25%.
Egypt’s output of petroleum products increased by around 1.5% Year-on-Year (Y.o.Y) from 2.77 million tons in December 2016 to 2.811 million tons in December 2017.
Misr Petroleum Company has allocated EGP 155 million for establishing 160 filling stations during FY 2018/19.
Consumption of petroleum products declined by 4.4% Year-on-Year (Y.o.Y), from 3 million tons in November 2016 to 2.877 million tons in November 2017.
Egyptian output of petroleum products has increased by 6.3% in 13 fiscal years (FYs) to reach 28.9 million metric tons (MT) in FY 2015/2016, compared to 27.1 million MT in FY 2002/2003.
Petroleum Cooperative Society Company (COOP) reached 5 million tons of petroleum products sales and 38,000 tons of lubricants’ sales during the first half of FY 2017/2018.
Misr Petroleum Company plans to reach target sales of 10 million tons during FY 2018/2019 and achieve around EGP 49.8 billion sales revenue out of services and products sales,
Egypt's output of petroleum products fell 1.26% to 2.818 million tons in October from 2.854 million tons in October 2016.