Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021

The Oil Ministry is looking to reduce fuel imports to 12% of total energy imports by 2021, down from a current 30%, ministry sources tell Youm7. The government plans to increase its crude oil production in the comings months to achieve this target and plans to have fuel production cover 88% of local demand, they said. This came days after the Oil Ministry signed three new agreements for oil and gas exploration in the Gulf of Suez and North Sinai. Egypt is positioning itself as a regional hub for energy exports.