Petroleum Production Drops by 2.56% YOY
Production of crude oil, condensates, and butane fell by 2.56% year-on-year (YOY) in June 2018, producing 2.63 million tons compared to 2.69 million tons in June 2017.
production | Egypt Oil & Gas - Part 56
Agiba Petroleum Invests $237M in 2017/18
Agiba Petroleum Company invested $237 million during fiscal year (FY) 2017/18.
Natural Gas Production Increases by 19.4% YOY
Egyptian natural gas production increased by 19.4% year-on-year (YOY) to reach 3.805 million tons in June 2018, compared to 3.187 million tons in June 2017.
Petrobel Beats FY 2017/18 Production Targets
Belayim Petroleum Company (Petrobel) beat its fiscal year 2017/18 crude production targets, pumping 433,000 barrels of oil equivalent per day.
Pharaonic Petroleum Announces 174 bcf of Gas Production in FY 2017/18
Pharaonic Petroleum Company produced 174 billion cubic feet (bcf) of natural gas and 2.2 million barrels of condensates during fiscal year (FY) 2017/18.
GUPCO Crude Production Hits 71,000 b/d in FY 2017/18
The Gulf of Suez Petroleum Company's (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez.
Domestic Butane Production Covers More Than 50% of Egypt’s Needs
Domestics production of butane covers almost 50% of the market’s needs.
Butane Imports Increased by Almost 10.5% YOY in May 2018
Egypt's butane imports increased by 10.37% year-on-year (YOY) in May 2018, importing 218,100 tons compared to 197,600 tons in May 2017.
Diesel Consumption Rose 7% YOY in May 2018
Egypt's diesel consumption jumped by around 7% year-on-year (YOY) to 1.26 million tons in May 2018, up from 1.18 million tons in May 2017.
Petroleum Production Grows by 3% YOY
Egypt increased its production of crude oil, condensates, and butane by around 3% year-on-year in May 2018, producing 2.9 million tons compared to 2.8 million tons in May 2017.
