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.
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.
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 and Chemical Company recorded revenues of EGP 8.3 billion.
The gap between Egypt's production and consumption of fuel has decreased to 25%, compared to 35% at the beginning of 2018.
Eni hopes to finish linking Zohr natural gas field's production in July 2019 instead of the end of 2019.
Algeria’s oil and gas exports fell 2.8% year-on-year (YOY) in Q1 2018 due to higher domestic consumption and lowered production.
The General Petroleum Company (GPC) produced 33 million barrels of oil equivalent (boe) during fiscal year (FY) 2017/18.
Badr El Din Petroleum Company's (BAPETCO) production increased to 120 barrels of oil equivalent per day (boe/d) during fiscal year (FY) 2017/18.
Abu Qir Petroleum produced an average 263 million standard cubic feet per day (mmscf/d) of natural gas during fiscal year (FY) 2017/18, a 45% increase from FY 2016/17.
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production.