CAPMAS: Fuel and Petrochemicals Exports Increase
The total value of Egypt’s fuel exports increased by $260 million year-on-year (YOY) in Q1 2018.
Petroleum Products | Egypt Oil & Gas - Part 15
Egyptian Petroleum Products Consumption Falls 16% YoY
Egypt’s consumption of petroleum products fell by 15.97% year-on-year (YoY) to reach 2.815 million tons in March 2018, compared to 3.35 million tons in March 2018.
Egypt to Reach Petroleum Products Self-Sufficiency in 3 Years
Egypt will achieve self-sufficiency in petroleum products in three years, Egyptian Minister of Petroleum, Tarek El Molla, has announced.
El Molla: Egypt Aims For 5% Petroleum Products Import Rate
Egypt plans to develop refineries during the upcoming four years to decrease the import rate of petroleum products to 5%, compared to the current rate of 35%.
Egyptian Consumption of Petroleum Products Drops 14.45% Y.o.Y
Egypt’s consumption of petroleum products fell by 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018.
Egyptian Fuel Exports Fall 0.2% Y.o.Y
The value of Egyptian fuel exports fell 0.2% year-on-year (Y.o.Y) to January 2018.
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).
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%.
