production | Egypt Oil & Gas - Part 58

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).

CAPMAS: Slight Raise in Annual Electricity Production and Consumption

Egypt’s electricity consumption increased by 3.57% year-on-year (YoY) to reach 11.6 mega kilowatt per hour (mkw/h) in February 2018, compared to 11.2 mkw/h in February 2017.

Egypt’s Diesel Consumption Drops 6.69% YOY

Egypt’s diesel consumption fell 6.69% year-on-year (YOY) in March 2018.

Butane Imports Decrease by 1.29% YOY in March

Egypt’s butane imports decreased by around 1.29% in March 2018 compared with March 2017.

Arabian Gulf Oil Company Returns to Full Production After Power Problems

Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems.

Egypt’s Natural Gas Production Increases by 20.5% YoY

Egypt’s production of natural gas increased by around 20.64% year-on-year (YoY), reaching 3.437 million tons in March 2018 compared to 2.849 million tons in March 2017.

Page 58 of 82

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