Output of Petroleum Products Falls by 6.44% Y.o.Y.
Egypt's output of petroleum products fell 1.26% to 2.818 million tons in October from 2.854 million tons in October 2016.
Egypt's output of petroleum products fell 1.26% to 2.818 million tons in October from 2.854 million tons in October 2016.
The value of petroleum exports rose 20% to reach $1.8 billion in the first quarter of fiscal year (FY) 2017/2018.
Egypt has spent total EGP 23.8 billion on subsiding different petroleum products in the first quarter of fiscal year (FY) 2017/2018, saving EGP 4 billion from the allocated EGP 27.7 billion in the FY's budget.
The Egyptian oil and gas sector imported fuel for $819 million in June 2017, making around 30.6% Year-over-Year (Y-o-Y) increase from $627 million worth fuel in June 2016.
Cairo Oil Refining Company (CORC) refined 4.6 million tons of crude oil in fiscal year (FY) 2016/2017.