Egyptian Butane Imports Drops by 23.17% YOY
Egyptian butane imports fell by 23.17% YOY, reaching 181,000 tons in December 2018 compared to 235,600 imported in December 2017.
Egyptian butane imports fell by 23.17% YOY, reaching 181,000 tons in December 2018 compared to 235,600 imported in December 2017.
Egypt’s consumption of petroleum products dropped by around 11.19% YOY in December 2018 to 2.596 million tons, compared to 2.923 million tons in December 2017.
Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.
Egyptian natural gas output has reached 6.8 bcf/d upon adding production from the West Nile Delta project phase 2 as well as other projects.
The company will drill and complete five development wells, adding around 5,000 boe/d to its production.
The company plans to drill 35 exploratory wells and 44 development wells and to complete wells to achieve an average production of 134,000 barrel per day (b/d) of crude oil, 28,000 b/d of condensates, 106 tons of ...
The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 barrels per day (b/d).
The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.
The output is expected to increase due to the growth of production in Giza and Fayoum fields.
The country produced between 520,000 and 550,000 tons of diesel via all its refineries in January, covering around 50% of the market's consumption.