Domestic Butane Production Covers More Than 50% of Egypt’s Needs
Domestics production of butane covers almost 50% of the market’s needs.
production | Egypt Oil & Gas - Part 56
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.
Natural Gas Production Increases by 15.7% YOY
Egypt's natural gas output increased by around 15.7% year-on-year (YOY), producing 3.9 million tons in May 2018, compared to 3.4 million tons in May 2017.
Butane Production Slightly Increases YOY
Egypt produced 626,000 tons for butane in the first four months of 2018, an increase of 31,000 tons year-on-year (YOY).
Oil Rises on Iran Supply Concerns
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.
El Molla: Egypt to Start Exporting Gas Early 2019
Egypt may stop importing liquefied natural gas (LNG) by Q4 2018 and start exporting it at the beginning of 2019.
OPEC, Russia Agree to Raise Production
OPEC has agreed with Russia and other non-OPEC producers to raise oil production from July.
Pharaonic Petroleum Produces 600 mscf/d of Natural Gas
Pharaonic Petroleum's natural gas production has reached 600 million standard cubic feet per day (mscf/d).
