surplus | Egypt Oil & Gas
Egypt Records $13B in Petroleum Exports in Nine Months
Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with a surplus of $4 billion during the first nine months of the fiscal year (FY) 2021/22, according to a stateme...
Egypt’s Petroleum Trade Balance Achieves Surplus of EGP 46.4B in 2021
The Ministry of Petroleum and Mineral Resources announced that the Egyptian petroleum trade balance achieved a surplus of EGP 46.4 billion in 2021. It noted that the petroleum trade balance changed from being in defic...
Egypt’s Oil Trade Balance Achieves Surplus of $174.9 mm
The Egyptian oil trade balance achieved surplus estimated at $174.9 million during the first nine months of the fiscal year (FY) 2020/21, compared to a deficit of $773.3 million during the same period of FY 2019/20, a...
Madbouly: Investments of Petroleum Sector Reach EGP1.16 Trillion in Six years
The Prime Minster, Mostafa Madbouly announced that investments in petroleum sector reached EGP 1.16 trillion in the past six years, according to the official Facebook Page of ministry of Petroleum and Mineral Resource...
Petroleum Sector Achieves EGP 20 B Surplus in Nine Months
The Deputy Minister of Finance for Financial Policies, Ahmed Kojak, said that petroleum sector achieved a surplus in the state’s public budget exceeding EGP 20 billion during the first nine months of the current...
Oil Trade Balance Records Surplus
The oil trade balance recorded a surplus for the first time since Fiscal Year (FY) 2012/13, registering $8.1 million as a result of the leap in investments in the oil and gas sector, a press release by the Central Ban...
Egypt to Reach Natural Gas Surplus by April 2019
President Abdel Fattah El Sisi announced that Egypt will obtain a surplus of natural gas by April 2019, Al Ahram Gate reported. The president made his remarks during a dinner organized by the Business Council for Inte...
Egypt Exchanges 770MW of Electricity with Libya, Jordan
Egypt-Jordan electricity link has been increased to 550MW, especially after securing all local consumers’ needs, while the Egypt-Libya link rated at 220MW, using 200KV, and is expected to increase within two months, E...
