Petroleum Products | Egypt Oil & Gas - Part 17
Egyptian Refineries Secure 65% of Local Fuel Demand
Egyptian refineries secure approximately 65% of the country’s daily demands for petroleum products.
Egypt Pays $1.1B to Cover Fuel Demands
The Egyptian oil and gas sector secures petroleum products worth $1.1 billion on a weekly basis in order to cover the local consumption.
New Indigenous Company Enters Ethiopia’s Petroleum Market
Gomeju Oil Ethiopia has entered the Ethiopian petroleum market with the aim of selling and distributing different petroleum products.
Egypt’s Fuel Exports Declined in 2016
Egyptian fuel exports decreased by 22.6% during the period from January 2016 to September 2016 as Egypt exported for EGP 16.2b
Iran, Croatia to Expand Ties in Oil & Gas
Iran and Croatia entered talks over expansion of mutual ties in the oil and gas industry, according to Tehran's Deputy Oil Minister for International Affairs, Amir Hossein Zamaninia.
Egypt to Buy Kuwaiti Fuel
Egypt signed an agreement to buy petroleum products from Kuwait with no discounts or grants. According to the agreement Egypt should pay in cash.
Kuwait Proceeds with Clean Fuels
The state owned Kuwait National Petroleum Company (KNPC) expects to finalize a loan of well over $5b to finance its clean fuels project (CFP) by the end of the first quarter of 2017.
Aramco Stopped Oil Supplies to Egypt
Saudi Aramco has informed the Egyptian General Petroleum Corporation (EGPC) in early October of its inability to supply Egypt with shipments of petroleum products.
