production | Egypt Oil & Gas - Part 52

Iraq’s Basra Gas Co Production to Exceed 1 bcf/d by end-2018

Basra Gas Company (BGC) plans to increase its production level to reach 1.05 billion cubic feet per day (mcf/d) by the end of 2018.

Electricity Consumption Increases by 2.88% YOY in August 2018

Egyptian electricity consumption increased by 2.88% year-on-year (YOY) in August 2018, recording 14.3 megawatts per hour (MWh) compared to 13.9 MWh in August 2017.

CAPMAS: Egypt Diesel Production Falls 16% in September

Egypt’s diesel output dropped by 2.8% year-on-year (YOY) in September 2018 to reach 552,000 tons, down from 568,000 tons in September 2017.

Egyptian Butane Imports Plunge by 25% in September

Egypt’s butane imports plunged by almost a quarter (23.49%) in September.

Petroleum Products Consumption Fell by 18% YOY

Egypt's consumption of petroleum products dropped by around 18% year-on-year (YOY) in September 2018 to 2.585 million tons, compared to 3.156 million tons in September 2017.

Natural Gas Production Increases by 29.28% YOY

Egypt's natural gas output jumped by 29.28% year-on-year (YOY) as the country produced 4.159 million tons in September 2018, compared to 3.217 million tons in September 2017.

SDX Energy Boosts Production in Egypt, Morocco

SDX Energy Corporation increased its actual production from Egypt and Morocco to reach 11,109 barrels of oil equivalent per day (boe/d) as of November 23.

Abu Sennan Oil Production Reaches 3,800 b/d

Rockhopper Exploration Company announced that production from the Abu Sennan concession has reached around 3,800 barrels per day (b/d), 22% of which is the company's share.

Egypt Sets $20B E&P FDI Target over Three Years

The Egyptian Ministry of Petroleum and Mineral Resources plans to attract $20 billion in foreign direct investment (FDI) for exploration and production (E&P) over the next three years.

Oman’s PDO to Start Production from Rabab Harweel in 2019

Petroleum Development Oman (PDO) will start production from its Rabab Harweel Integrated Project (RHIP), the company’s largest ever, in late 2019.

Page 52 of 81

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