Egyptian Consumption of Petroleum Products Drops 14.45% Y.o.Y
Egypt’s consumption of petroleum products fell by 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018.
Egypt’s consumption of petroleum products fell by 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018.
Egyptian natural gas output increased 24.8% year-on-year (Y.o.Y), reaching 3.191 million tons in February 2018 compared to 2.556 million tons in February 2017.
Egypt's daily crude oil production has increased by 4.3% so far in 2018, compared to 2017, said head of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal.
BP plans to boost natural production of West Nile Delta project to reach 1.3 billion cubic feet per day (bcf/d).
TransGlobe Energy has announced it produced 11,776 barrel per day (b/d) of oil from its Egyptian fields during Q1 2018.
Egypt is currently producing around 660,000 barrels per day (b/d) of crude oil.
The Egyptian oil and gas sector completed 24 projects over the past four years, investing $16.2 billion in the process, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has stated.
Egypt’s electricity generation increased by around 0.67% year-on-year to reach 15 kWh in January 2018, compared to 14.9 kWh in January 2017.
Egypt produced 554,000 tons of diesel in January 2018, an 8.73% year-on-year decrease.
Egypt’s butane imports increased 19% year-on-year between January 2017 and January 2018.