Egypt Targets Boosting Crude Oil Production by 10,000 b/d
The Egyptian Ministry of Petroleum and Mineral Resources is aiming to increase crude oil production by 10,000 barrels per day (b/d) by the beginning of 2019.
production | Egypt Oil & Gas - Part 54
Petroleum Production Rose by 1.53% YOY in August
Production of crude oil, condensates, and butane increased by around 1.53% year-on-year (YOY) in August 2018, producing 2.852 million tons compared to 2.809 million tons in August 2017.
Natural Gas Production Increases by 19.59% YOY
Egypt’s natural gas output rose by around 19.59% year-on-year (YOY) to reach 4.023 million tons in August 2018, compared to 3.364 million tons in August 2017.
Egypt’s Production of Crude Oil and Condensates Increases to 660,000 b/d
Egypt’s crude oil and condensates production increased to 660,000 barrels per day (b/d) in October 2018.
Eni Starts Drilling Ninth Zohr Well
Eni has started drilling the ninth well at the Zohr natural gas field.
Iran, Russia Agree to Increase Output by 1M b/d
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.
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.
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.
