- The higher petroleum production led to lower imports from crude oil and some petroleum products
According to Zawya article published on December 29, 2022, the total production of all petroleum products in Egypt reached 79.50 million tonnes during 2022, the Ministry of Petroleum and Mineral Resources said on Wednesday.
During the year, a total of 27.80 million tonnes of crude oil and condensates was produced, in addition to some 50.60 million tonnes of natural gas, and 1.1 million tonnes of butane, aside from the butane produced from refineries.
The higher petroleum production led to lower imports from crude oil and some petroleum products.
During 2022, consumption of petroleum products increased by 6.20% on an annual basis to 81 million tonnes.
Moreover, Egypt’s exports of natural gas amounted to $8.40 billion in 2022, a surge of 171% when compared to $3.50 billion in the previous year.
The Arab world’s most populous nation exported 8 million tonnes of natural gas during 2022, compared to around 7 million tonnes in the previous year.
