2024-03-05T11:47:41+00:00
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/ A authorities official within the Egyptian Ministry of Petroleum stated, “Egypt imported gas shipments of about two billion {dollars} through the previous months of January and February.”
The official added, in press statements seen by Company, that imports of petroleum merchandise constituted between 60 and 70% of the import invoice, with a worth of about 1.3 billion {dollars} throughout January and February.
It acknowledged that the Egyptian Petroleum Company is linked to contracts to import shipments of crude oil from Iraq and petroleum merchandise from different nations, together with Saudi Arabia, the Emirates and Kuwait, to satisfy between 25 and 30% of the Egyptian market’s gas wants.
He acknowledged that “the worth of the nation’s gas imports throughout 2023 declined by about 11%, in comparison with 2022, through which the import invoice amounted to about 14.3 billion {dollars}.”