Egyptian Butane Imports Drop by 18.78% YOY
Egyptian butane imports decreased by 18.78% year-on-year (YOY), reaching 160,000 tons in February 2019, compared to the 197,000 imported in February 2018.
Egyptian butane imports decreased by 18.78% year-on-year (YOY), reaching 160,000 tons in February 2019, compared to the 197,000 imported in February 2018.
Egypt’s natural gas output grew by 24.16% year-on-year (YOY), reaching 3.962 million tons in February 2019, up from 3.191 million tons produced in February 2018.
Khalda Petroleum Company plans to expand its butane production in 2020 to around 120 tons per day.
The North African country currently produces around 6.8 billion cubic feet per day (bcf/d) of natural gas, and targets to reach 7.6 bcf/d by the end of 2019 and 8 bcf/d by H1 2020.
Qarun plans to boost its output to over 45,000 b/d by the end of 2020 as it explores, develops, and operates new concessions in the Western and Eastern Deserts.
Condensate production from Zohr field increased by 14.29% due to the increase in the field's natural gas output, reaching around 4,000 tons per day compared to 3,500 tons per day in 2018.
Egypt's natural gas production increased by around 300 mmscf/d, reaching around 6.9 bcf/d.
Development projects as well as the field's completion will directly contribute to commencing the production from Baltim field by Q3 2019.
The newly acquired asset will add around 70,000 barrels per day (b/d) to the company’s production as it has the potential to produce 100,000 b/d.
Dana Gas announced an increase in production by 5% in Q1 2019, reaching 68,700 barrels of oil equivalent per day.