production | Egypt Oil & Gas - Part 61

Petrobel Beats FY 2017/18 Production Targets

Belayim Petroleum Company (Petrobel) beat its fiscal year (FY) 2017/18 crude production targets, pumping 433,000 barrels of oil equivalent per day, Egypt Oil & Gas reports. The figures were revealed by Petrobel he...

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, Egypt Oil & Gas reports. Speaking during a review meeting wi...

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, Egypt Oil & Gas r...

Domestic Butane Production Covers More Than 50% of Egypt’s Needs

Domestic butane production covers almost 50% of the market’s needs, Abed Ezz El Regal, head of the Egyptian General Petroleum Corporation (EGPC), told Amwal Al Ghad. He clarified that consumption witnessed a slight in...

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, Egypt Oil & Gas reports. Meanwhile, Egypt’s butane consumption sl...

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, Egypt Oil & Gas reports. Figures published by the Central Agency for...

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, Egypt Oil & Gas reports. Statistics ...

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, Egypt Oil & Gas reports. Statistics published by the...

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), Egyptian General Petroleum Corporation (EGPC) head, Abed Ezz El Regal, told Amwal Al Ghad. The co...

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, Reuters reported. Brent crude futures reached $76.61 per barrel at 08:00 GMT, 30 cents higher...

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