A worker prepares to transport oil pipelines to be laid for the Pengerang Gas Pipeline Project at an area 40km (24 miles) away from the Pengerang Integrated Petroleum Complex in Pengerang, Johor, February 4, 2015. REUTERS/Edgar Su/File Photo
CAIRO – 12 May 2018: Egypt’s petroleum exports increased to $407 million in the first two months of the year, compared to $385 million in the same period of 2017, according to state statistics body CAPMAS.
The value of crude oil exports in that period stood at $343 million.
Meanwhile, Egypt’s non petroleum exports jumped 200 percent in the first two months of 2018, reaching $64 million, compared to $21 million in the same period of 2017, the CAPMAS data showed.
Egypt’s imports in the same period stood at $4.5 million.
Previous CAPMAS data showed that Egypt’s oil exports value decreased by 10 percent year-on-year to reach $208 million in October 2017, compared to $231 million in October 2016.
The country’s oil imports value fell by 9.3 percent to record $411 million in October 2017, compared to $453 million in the same month of 2016.
Egypt’s Petroleum Ministry is planning to boost its production of gasoline, diesel, butane gas and jet fuel through the implementation of several projects to develop and expand refineries, with LE 8.3 billion investments. The projects would add 11.6 million tons of petroleum products in the coming four years.
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