Egypt Pays Monthly $450 M for Fuel Imports

 


Egypt pays around $450 million per month for fuel imports in order to cover local demand, an official source at the Egyptian General Petroleum Corporation (EGPC) told Amwal Al Ghad.

Benzene, diesel and butane are the most imported petroleum products, the source said, adding that imported fuel will be decreased during 2019 as new refining units and the Egyptian Refining Company will be operating.
Meanwhile, Egypt’s crude oil and condensates production rose to 660,000 barrels per day.
The source pointed out that the increase in production and the rehabilitation of refineries will enable the sector to reach self-sufficiency of petroleum products as Egypt will only need to import crude oil.