surplus

  • Egypt’s Oil Trade  Balance Achieves Surplus of $174.9 mm

    Egypt’s Oil Trade Balance Achieves Surplus of $174.9 mm

    Wednesday, 30th June 2021

    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.

  • Madbouly: Investments of Petroleum Sector Reach EGP1.16 Trillion in Six years

    Madbouly: Investments of Petroleum Sector Reach EGP1.16 Trillion in Six years

    Sunday, 30th August 2020

    The Prime Minster, Mostafa Madbouly announced that the investments of petroleum sector reached to EGP1.16 trillion during the past six years.

  • Petroleum Sector Achieves EGP 20 B Surplus in Nine Months

    Petroleum Sector Achieves EGP 20 B Surplus in Nine Months

    Thursday, 11th June 2020

    The Deputy Minister of Finance for Financial Policies, Ahmed Kojak, announced that the petroleum sector achieved surplus in the state public budget exceeds EGP 20 billion during the first nine months of the current fiscal year (FY) 2019/2020.

  • Oil Trade Balance Records Surplus

    Oil Trade Balance Records Surplus

    Tuesday, 1st October 2019

    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 Bank of Egypt (CBE) indicated.

  • Egypt to Reach Natural Gas Surplus by April 2019

    Egypt to Reach Natural Gas Surplus by April 2019

    Wednesday, 26th September 2018

    President Abdel Fattah El Sisi announced that Egypt will obtain a surplus of natural gas by April 2019.

  • Egypt Exchanges 770MW of Electricity with Libya, Jordan

    Egypt Exchanges 770MW of Electricity with Libya, Jordan

    Sunday, 26th March 2017
    The total electricity capacity exchanged with Jordan and Libya is estimated at 770MW. Egypt's Ministry of Electricity aims to increase the electricity connection with a number of neighboring countries to about 2,000MW by next year.
  • Global Surplus of Oil Causes Build Up in Atlantic Basin

    Global Surplus of Oil Causes Build Up in Atlantic Basin

    Monday, 1st June 2015
    A shadowy build up of oil has intensified in the Atlantic Basin with homeless cargoes of crude turning into unintentional floating storage - another sign the global surplus has some way to go before clearing.
  • Oil Price Slump Cuts Kuwait Budget Surplus

    Oil Price Slump Cuts Kuwait Budget Surplus

    Monday, 23rd February 2015
    Kuwait's government budget surplus shrank 26% in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.