{"id":595689,"date":"2019-08-04T04:00:06","date_gmt":"2019-08-04T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/oil-imports-could-drop-21-8-y-o-y-in-fy2019-2020-govt-sources\/"},"modified":"2019-08-04T04:00:06","modified_gmt":"2019-08-04T04:00:06","slug":"oil-imports-could-drop-21-8-y-o-y-in-fy2019-2020-govt-sources","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/oil-imports-could-drop-21-8-y-o-y-in-fy2019-2020-govt-sources\/","title":{"rendered":"Oil imports could drop 21.8% y-o-y in FY2019-2020 -gov\u2019t sources"},"content":{"rendered":"

Egypt\u2019s imports of crude oil and petroleum products could fall 21.8% to 22.2 mn tonnes in FY2019-2020, down from 28.4 mn tonnes last year, senior government officials<\/a> said. This would reduce import costs to USD 13.1 bn, from USD 16.1 bn in FY2018-2019. Egypt\u2019s ongoing natural gas boom is helping the government to reduce its dependency on energy imports, and last month it achieved a 1.56 bcf\/d gas surplus<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s imports of crude oil and petroleum products could fall 21.8% to 22.2 mn tonnes in FY2019-2020, down from 28.4 mn tonnes last year, senior government officials said. This would reduce import costs to USD 13.1 bn, from USD 16.1 bn in FY2018-2019. Egypt\u2019s ongoing natural gas boom is helping the government to reduce its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595689","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"bb6484b0-1d18-4d54-b971-8812992e2af5","is_powered_by":true,"section_story_id":"427c573b-1222-4671-a069-ab69c6bea70c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595665],"teaser":"","voice_url":""},"yoast_head":"\nOil imports could drop 21.8% y-o-y in FY2019-2020 -gov\u2019t sources - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/oil-imports-could-drop-21-8-y-o-y-in-fy2019-2020-govt-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil imports could drop 21.8% y-o-y in FY2019-2020 -gov\u2019t sources\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s imports of crude oil and petroleum products could fall 21.8% to 22.2 mn tonnes in FY2019-2020, down from 28.4 mn tonnes last year, senior government officials said. This would reduce import costs to USD 13.1 bn, from USD 16.1 bn in FY2018-2019. 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This should bring our fuel import costs down\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596533,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-wants-to-almost-quadruple-the-value-of-natural-gas-exports-to-usd-2-bn-in-fy2019-2020\/","url_meta":{"origin":595689,"position":1},"title":"Egypt wants to almost quadruple the value of natural gas exports to USD 2 bn in FY2019-2020","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"Egypt wants to almost quadruple the value of natural gas exports to USD 2 bn in FY2019-2020: The government is looking to export 12 mn tonnes of natural gas worth USD 2 bn in FY2019-2020, compared to USD 580 mn in the past year, the local press reported, citing an\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636836,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/","url_meta":{"origin":595689,"position":2},"title":"Oil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20","author":"enterpriseam admin","date":"1 November 2017","format":false,"excerpt":"The Oil Ministry expects local consumption of petroleum products to increase to an annual 4% until FY2019-20, Al Shorouk reports. Consumption is forecasted to reach 7.76 mn tonnes during the upcoming fiscal year, up from 7.46 mn tonnes this year, and will reach approximately 8 mn tonnes in FY2019-20, according\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598144,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/egypts-wheat-imports-to-remain-flat-at-12-5-mn-tonnes-in-fy2019-20\/","url_meta":{"origin":595689,"position":3},"title":"Egypt\u2019s wheat imports to remain flat at 12.5 mn tonnes in FY2019-20","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Egypt\u2019s wheat imports will remain flat at 12.5 mn tonnes in FY2019-20, according to forecasts outlined in a report by the US Department of Agriculture (pdf). Production will increase slightly to 8.78 mn tonnes from 8.45 mn tonnes in the current fiscal year. This will compensate for a 300k-tonne increase\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571166,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypts-lng-exports-make-up-1-of-the-global-market\/","url_meta":{"origin":595689,"position":4},"title":"Egypt\u2019s LNG exports make up 1% of the global market","author":"enterpriseam admin","date":"3 May 2020","format":false,"excerpt":"Egypt\u2019s liquified natural gas (LNG) exports made up 1% of the global market in 2019, according to a recent report from the International Gas Union (IGU). In volume terms, exports climbed to 3.5 mn, from 1.4 mn tonnes in 2018, IGU figures showed. CAPMAS figures released earlier this year indicated\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/3.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598187,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/egypt-offers-13-lng-cargoes-in-auction\/","url_meta":{"origin":595689,"position":5},"title":"Egypt offers 13 LNG cargoes in auction","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"The Egyptian Natural Gas Holding Company (EGAS) is offering 13 LNG cargoes in a number of auctions for shipment in June and July, Reuters reports. Egypt is expected to export 12 mn tonnes of natural gas worth USD 2 bn in FY2019-2020.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=595689"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595689\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595665"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595689"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595689"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}