Latest in Highlight
Latest in
Egypt’s petroleum products, gas consumption up to 92.4m tonnes in FY 2019/20: source
Domestic fuel needs increase by 4% annually, according to sources
Egypt’s petroleum products consumption to decrease 5% in winter
The deficit between production and consumption decreased to 3.8% in 2019/20, says source
Egypt secured $162bn worth of petroleum products over past five years
Fuel and gas domestic consumption recorded 386 m tonnes since 2014
Egypt’s crude oil, petroleum products imports decrease by $3bn in FY2019/20: Government sources
Country’s domestic consumption of natural gas to increase to 51.1 million tonnes
Petroleum products subsidies up by EGP 10bn in Q1 2018/19
20% increase in barrel price than estimated by state budget
Egypt targets 26% subsidy cuts for petroleum products, 47% for electricity
The Egyptian government aims to cut petroleum subsidies by about 26%, and electricity subsidies by 47% in the draft budget for fiscal year (FY) 2018/19, according to Reuters. The government document allegedly obtained by the news agency showed that the value of subsidies in the new budget amounted to EGP 89.075bn, down from about EGP …
EGP 19.3bn cost of petroleum products transportation in 2016/2017: CAPMAS
Total amounts transferred by Sumed pipeline reached 65.8m tonnes in 2016/2017, costing EGP 37 per tonne
Petroleum Ministry expects 4% rise in local petroleum products consumption
Establishment, expansion of seven refineries
Cost of transportation of petroleum products in 2015/2016 amounted to EGP 18.1bn: CAPMAS
The total cost of transportation of petroleum products reached EGP 18.1bn in 2015/2016, up from EGP 14.1bn in 2014/2015—an increase of 28%. The Central Agency for Public Mobilization and Statistics (CAPMAS) issued its annual bulletin on the means of transporting petroleum products in 2015/2016, indicating that the total transported quantities by the various means of …
Deficit in trade balance down by 3.1% in August: CAPMAS
During August, the deficit in the trade balance recorded EGP 37.8bn, compared to EGP 38.9bn in August 2015, a decrease of 3.1%, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin on foreign trade statistics. In a statement issued on Monday, CAPMAS noted that the deceleration happened because the value of …
Egyptian-Saudi tension: the honeymoon is reaching its end
I, like many others, was surprised by the sudden decision taken by Saudi Aramco to stop supplying Egypt’s needs of petroleum products, despite the agreement between Egypt and Saudi Arabia stating that the latter will secure Egypt’s requirements for petroleum products at 700,000 tonnes per month for five years. The value of the agreement between …
Finance Ministry denies claims that VAT will affect prices of petroleum products
VAT exempted goods will include all essential goods and services, says Ministry of Finance
Repayment period for gas shipments, petroleum products increased to 3 months from arrival: El-Molla
All concluded products with foreign companies were modified in order to provide fuel, says Petroleum Minister
NBE gives SUMED $100m to finance project for the trading and storage of petroleum products
The loan will also finance the launch of a quay in Ain Sokhna
Egypt consumes 73.36m tonnes of petroleum products and natural gas in one year: CAPMAS
The total amount of produced clean water stood at 8.87bn cubic meters in FY 2013/2014 compared to 8.79bn cubic meters in 2012/2013, an increase of 0.9%
Bulk liquids terminal in Sokhna Port still waits for $360m in funds
Project expected to be completed by mid-2017
April trade deficit up 52.7% YOY
Egypt recorded trade balance deficit of EGP 24.60bn in April 2015, says CAPMAS
Egypt reduces petroleum products subsidies to EGP 61bn during FY 2015/16: El Molla
Expected decline in fuel consumption is 5% during new fiscal year, says EGPC executive chairman
10.9% increase in trade balance deficit in March: CAPMAS
Egypt recorded trade balance deficit of EGP 26.7bn in March 2015
EGP 126.3bn in oil product subsidies’ expenditure in FY 2013/2014: EIA
In 2013, Egypt’s total primary energy consumption was 1.7m barrels per day of oil equivalent, according to BP 2014 Statistical Review of World Energy
Important economic decisions in 2014/2015 economic plan
Government decisions not enough, Egypt needs to treat economic crisis by developing comprehensive economic plan, economic analyst
Trade deficit drops by 22.5% year on year in July: CAPMAS
Imports and exports decrease by 18.8% and 12.7%, respectively
EGPC tracking distribution of fuel through GPS to prevent smuggling
EGPC’s inability to follow-up on the fuel distribution process made it face problems tracking smuggling.
FY 2014/2015 state budget referred to presidency for approval
Budget witnesses major changes in health, education, electricity and petroleum products subsidies.
Fuel cards to save $5.2bn
The supply of petroleum products, via smart cards, to cars will begin during the first quarter of the year.