Trading Firm Trafigura Sees $100 a Barrel by 2019
Oil prices could reach $90 a barrel by Christmas and rise further to $100 a barrel before the new year, Trafigura’s Co-Head of Oil Trading Ben Luckock told a conference on September 24.
production | Egypt Oil & Gas - Part 54
Electricity Output Increased by 4.6% YOY in June: CAPMAS
Electricity production in Egypt jumped by 4.6% year-on-year (YOY) in June 2018, generating 18.1 megawatts per hour (MWh) compared to 17.3 MWh in June 2017.
Diesel Consumption Drops by 2.5% YOY
Egypt’s diesel consumption dropped by 2.49% year-on-year (YOY) to reach 1.136 million tons in July 2018, down from 1.165 million tons in July 2017.
Butane Consumption Decreases by 7.6% YOY in July
Egypt’s butane consumption decreased by 7.63% year-on-year (YOY) as the country used 284,600 tons in July 2018, compared to 308,100 tons in July 2017.
Petroleum Production Rose by 1.55% YOY in July
Production of crude oil, condensates, and butane increased by around 1.55% year-on-year (YOY) in July 2018, producing 2.818 million tons compared to 2.775 million tons in July 2017.
Natural Gas Production Increases by 14.9% YOY
Egypt's natural gas output rose by 14.9% year-on-year (YOY) to reach 3.873 million tons in July 2018, compared to 3.371 million tons in July 2017.
Abu Qir Fertilizer Company Records EGP 8.3B Revenue
Abu Qir Fertilizer and Chemical Company recorded revenues of EGP 8.3 billion.
Egypt’s Fuel Production-Consumption Gap Decreases to 25%
The gap between Egypt's production and consumption of fuel has decreased to 25%, compared to 35% at the beginning of 2018.
Zohr Output to Reach 2.7 bcf/d in July 2019
Eni hopes to finish linking Zohr natural gas field's production in July 2019 instead of the end of 2019.
Algeria Crude Exports Down 2.8% in Q1 2018
Algeria’s oil and gas exports fell 2.8% year-on-year (YOY) in Q1 2018 due to higher domestic consumption and lowered production.
