surplus | Egypt Oil & Gas

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.

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.

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

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

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 curren ...

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 ...

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.

Egypt Exchanges 770MW of Electricity with Libya, Jordan

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 2,000M ...

Global Surplus of Oil Causes Build Up in Atlantic Basin

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

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.

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