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.
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.
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 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.
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.
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.
Petroleum Development Oman (PDO) will start production from its Rabab Harweel Integrated Project (RHIP), the company’s largest ever, in late 2019.
Iraq is planning to increase its output and exports of crude in 2019, Iraqi Oil Minister Thamer Ghadhban has said.
Egyptian electricity production dropped by 1.97% year-on-year (YOY) in July 2018, generating 19.9 megawatts per hour (MWh) compared to 20.3 MWh in July 2017.
Egypt’s diesel consumption dropped by 17.89% year-on-year (YOY) to reach 1.014 million tons in August 2018, down from 1.235 million tons in August 2017.
Egypt’s butane imports decreased by 7.33% year-on-year (YOY) as the country imported 148,000 tons in August 2018, compared to 159,700 tons in August 2017.