The planned increase comes to cover growing fuel demands in the light of industrial and electricity recent projects that depend on fuel, in addition to the growing market demand of benzene, diesel and butane.
Egypt’s natural gas output increased by 27.7% YOY to reach 4.176 million tons in October 2018, up from 3.27 million tons in October 2017.
Egypt’s consumption of petroleum products dropped by around 7.4% YOY in October 2018 to 2.749 million tons, compared to 2.969 million tons in October 2017.
Egyptian butane imports decreased by 40.34% YOY reaching 126,000 tons in October 2018, compared to 211,200 in October 2017.
The Egyptian Natural Gas Holding Company (EGAS) plans to add 1.5 billion cubic feet per day (bcf/d) to national gas grid in 2019, through executing development projects in Zohr, North Alexandria, and Burullus 9B p ...
Egypt produced around 45,000 megawatt of electricity per day (MW/d) during December 2018.
Oman's Ministry of Oil and Gas will allow international oil companies (IOCs) to invest and develop the ultra-heavy oilfield at Habhab using their technological and financial abilities.
Crude oil and condensates production in Oman have exceeded more than 30 million barrels with a daily average of 1.14 million barrels in November 2018.
Dana Gas Company announced the completion of the Balsam-8 well drilling in Q4 of 2018, which added over 5,000 barrels of oil equivalent per day (boe/d) to production.
Egypt's natural gas production will increase to 8 billion cubic feet per day (bcf/d) by 2021, up 29% from 6.2 bcf/d currently.
