Egypt Announces New Oil Discovery in Sinai
Petrobel plans to drill 10 developmental wells with a crude oil production rate of around 3,000 barrels per day (b/d).
production | Egypt Oil & Gas - Part 43
Saudi Arabia, Kuwait Near Restoring Production in Neutral Zone
The two countries reportedly made significant progress in negotiations for the zone that could increase their oil production by 500,000 barrels per day (b/d).
Oil, Gas Production Reaches 6.8 MM Tons
The total production of oil and natural gas reached 6.8 million tons during April 2019, compared to 6.1 million tons during the same month in 2018.
Electricity Consumption Falls by 2.59% YOY
Egypt’s electricity consumption decreased by 2.59%, recording 11.3 megawatts per hour (MWh) in February 2019, compared to 11.6 MWh in February 2018.
Egypt Diesel Output Declines by 11.83% YOY
Egypt’s diesel production decreased by 11.83% YOY in March 2019, recording 529,000 tons, compared to 600,000 tons consumed in March 2018.
Egyptian Butane Imports Increase by 10.58% YOY
Egyptian butane imports grew by 10.58% YOY, reaching 302,000 tons in March 2019, compared to the 273,100 imported in March 2018.
Petroleum Products Consumption Falls by 3.69% YOY
Egypt's petroleum products' consumption dropped by around 3.69% YOY in March 2019 to 2.711 million tons, compared to 2.815 million tons in the same month last year.
Egypt’s Natural Gas Production Increases by 28.75% YOY
Egypt’s natural gas production increased by 28.75% YOY, reaching 4.425 million tons in March 2019, up from 3.437 million tons produced in March 2018.
Egypt to Boost Gas Output to 7.95 bcf/d in FY 2019/20
The increase is directly linked to the boost in production from the second phase of North Alexandria project and from Zohr field.
Al-Manar Group to Boost Production by 35%
The factory will be producing 10,000 tons per year of automotive lubricants, covering the company's expansion plans across the country.
