production | Egypt Oil & Gas - Part 59
Eni Starts Drilling Ninth Zohr Well
Eni has started drilling the ninth well at the Zohr natural gas field, a source in the oil and gas sector told Al Borsa. The company has invested $300 million during the current drilling operation, the source said. En...
Iran, Russia Agree to Increase Output by 1M b/d
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts, IFPNews reported. The agreement came after Iranian petroleum minister Bijan Namdar Zanganeh spok...
Trading Firm Trafigura Sees $100 a Barrel by 2019
Oil prices could reach $90 a barrel by Christmas and rise further to $100 a barrel before the new year, Trafigura’s Co-Head of Oil Trading Ben Luckock told a conference on September 24, according to Reuters. The incre...
Electricity Output Increased by 4.6% YOY in June: CAPMAS
Electricity production in Egypt jumped by 4.6% year-on-year (YOY) in June 2018, generating 18.1 megawatts per hour (MWh) compared to 17.3 MWh in June 2017, Egypt Oil & Gas reports. This is the highest rate of elec...
Diesel Consumption Drops by 2.5% YOY
Egypt’s diesel consumption dropped by 2.49% year-on-year (YOY) to reach 1.136 million tons in July 2018, down from 1.165 million tons in July 2017, Egypt Oil & Gas reports. Statistics published by the Central Agen...
Butane Consumption Decreases by 7.6% YOY in July
Egypt’s butane consumption decreased by 7.63% year-on-year (YOY) as the country used 284,600 tons in July 2018, compared to 308,100 tons in July 2017, Egypt Oil & Gas reports. Statistics published by the Central A...
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, Egypt Oil & Gas reports. Figure...
Natural Gas Production Increases by 14.9% YOY
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, Egypt Oil & Gas reports. The monthly bulletin published by t...
