production | Egypt Oil & Gas - Part 48
OPEC Production Hits 5-Year Low
The Organization of the Petroleum Exporting Countries (OPEC) output fell to a new five-year low in June, according to a Reuters survey. An increase in Saudi crude production did not offset the reduction in Iran and Ve...
Egypt Records First Hydrocarbon Trade Surplus in 5 Years: CBE
Egypt’s hydrocarbon trade balance registered an $800 million surplus during Q4 2018, its first since Q4 2013, according to the Central Bank of Egypt (CBE), Egypt Oil & Gas reports. Petroleum exports surged to $3.2...
Egypt Announces New Oil Discovery in Sinai
Belayim Petroleum Company (Petrobel) has achieved a new oil discovery in the Abu Rudeis concession area in Sinai, Egypt Oil & Gas reports. Petrobel drilled an exploration well through which it was able to reach a ...
Saudi Arabia, Kuwait Near Restoring Production in Neutral Zone
Saudi Arabia and Kuwait are close to restoring oil output from the neutral zone, Bloomberg reported citing unnamed sources. The two countries reportedly made significant progress in negotiations and drafted documents ...
Oil, Gas Production Reaches 6.8 MM Tons
Egypt’s total production of oil and natural gas reached 6.8 million tons in 2019, compared to 6.1 million tons during the same month in 2018, Egypt Oil & Gas reports. Data by the Central Agency for Public Mo...
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 Oil & Gas reports. The statistics published by the Central...
Egypt Diesel Output Declines by 11.83% YOY
Egypt’s diesel production decreased by 11.83% year-on-year (YOY) in March 2019, recording 529,000 tons, compared to 600,000 tons consumed in March 2018, Egypt Oil & Gas reports. Statistics published by the Central...
Egyptian Butane Imports Increase by 10.58% YOY
Egyptian butane imports grew by 10.58% year-on-year (YOY), reaching 302,000 tons in March 2019, compared to the 273,100 imported in March 2018, Egypt Oil & Gas reports. Statistics published by the Central Agency f...
