Petroleum Products

Egypt's trade balance deficit falls by 28.7% in July yr-on-yr with export increase of 2.2%, import decrease of 14.8%

Tue, 11 Oct 2022 - 05:12 GMT

Egypt’s trade balance deficit fell by 28.7 percent in July year-on-year, recording $2.7 billion compared to $3.8 billion in the same month of 2021, according to an official Tuesday report.

PM: Egypt has adequate stock of petroleum products

Mon, 28 Mar 2022 - 06:15 GMT

Madbouli made the remarks during a meeting with Minister of Petroleum and Mineral Resources Tarek el Molla to follow up the latest global market developments and price fluctuations on the back of the Russian-Ukrainian crisis.

Egyptian exports of petroleum products rose by more than $1 bn in one month

Mon, 14 Jun 2021 - 02:21 GMT

Government data showed that Egyptian exports of petroleum products rose to more than half a billion dollars in just one month.

Petroleum min.: Integrated strategy adopted to enhance handling, storage of petroleum products

Tue, 01 Jun 2021 - 01:12 GMT

Molla was speaking on Tuesday during his inspection tour at a number of new petroleum projects in Ain Al Sokhna.

Infograph: Egypt heading to achieve self-sufficiency in petroleum products in 2023

Sun, 14 Mar 2021 - 02:33 GMT

The center stated that the report contained the most important indicators that confirm Egypt's trend towards achieving self-sufficiency in petroleum products.

PM made certain strategic stocks of petroleum products 'sufficient'

Wed, 19 Aug 2020 - 08:03 GMT

This came at a meeting with Petroleum and Mineral Resources Minister Tarek el Molla to follow up a number of files and make sure that the strategic stocks of petroleum products are within safe levels.

Egypt’s Petroleum subsidy bill to hit LE 30B in 2019/20

Wed, 15 Jan 2020 - 01:29 GMT

In 2019/2020 budget, the estimations of petroleum subsidies were around LE 52.9 billion, compared to LE 89 billion in the prior year.

Cutting subsidies: Putting money where it belongs

Sat, 16 Jun 2018 - 12:27 GMT

Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.

Industrial production ups 11.7% in Q1 2017

Mon, 04 Dec 2017 - 11:48 GMT

Industrial production in the quarter, excluding crude and refined petroleum, recorded LE 127.7 billion.

Alexandria Petroleum’s output marked LE 34B last fiscal year

Tue, 12 Sep 2017 - 10:13 GMT

The company refined 4.5 million tons of high-quality petroleum products to meet domestic needs.

8.7M tons of petroleum products crossed Suez Canal in July

Mon, 04 Sep 2017 - 11:41 GMT

The petroleum products included crude oil, gasoline, diesel, fuel oil and petroleum gases.

Crude oil exports drop to $203M in April: CAPMAS

Thu, 20 Jul 2017 - 06:00 GMT

Egypt’s exports of crude oil and petroleum products declined month-on-month to $ 203 million in April after registering $ 226 million.

Industrials production value up 11.3% yoy in Q3: CAPMAS

Tue, 06 Jun 2017 - 12:56 GMT

The industrial sector’s production value rose 11.3 percent in the third quarter of 2017, up from LE 84.8 billion ($4.6 billion) in Q3 2015.