Egypt Plans Energy Subsidies Reduction
The Egyptian government plans to reduce subsidies of petroleum products by 26% and electricity subsidies by 47% in the annual budget for the 2018/2019 fiscal year (FY).
Petroleum Products | Egypt Oil & Gas - Part 15
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.
Petroleum Arrows Transports 3 B Liters of Petroleum Products in 2017
Petroleum Arrows Company transported 3 billion liters of petroleum products during 2017.
Iraq to Decrease Fuel Imports by 25%
The Iraqi Ministry of Oil announced plans to decrease imports of petroleum products by 25%.
Egyptian Petroleum Products Output Increases by 1.5% Y.o.Y
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 Allocates EGP 155 M to Establish New Filling Stations
Misr Petroleum Company has allocated EGP 155 million for establishing 160 filling stations during FY 2018/19.
Egypt’s Consumption of Petroleum Products Decreases by 4.4% Y.o.Y
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.
Petroleum Products Output Reach 28.9 M MT in 2015/2016
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.
COOP Achieves 5 M tons of Petroleum Sales
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 to Sell 10 M Tons in 2018/2019
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,
