{"id":623482,"date":"2018-10-31T04:18:36","date_gmt":"2018-10-31T04:18:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/"},"modified":"2018-10-31T04:18:36","modified_gmt":"2018-10-31T04:18:36","slug":"oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/","title":{"rendered":"Oil Ministry expects Egypt\u2019s crude oil production at 670-680k in FY2018-19"},"content":{"rendered":"

The Oil Ministryexpects Egypt\u2019s production of crude oil to record 670-680k bbl\/d in FY2018-2019, up from 660k bbl\/d in FY2017-2018, a ministry official tells Youm7<\/a>. The ministry expects local production to ramp up as a number of fields go online within the next few months. The ministry had previously said<\/a> it is aiming to have 88% of daily demand covered by local production by 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Oil Ministryexpects Egypt\u2019s production of crude oil to record 670-680k bbl\/d in FY2018-2019, up from 660k bbl\/d in FY2017-2018, a ministry official tells Youm7. The ministry expects local production to ramp up as a number of fields go online within the next few months. The ministry had previously said it is aiming to have […]<\/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":[93,72,9446],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623482","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil","wpautop","entry"],"acf":{"mongo_id":"ae737d35-3ec2-4ed1-83e2-9d5deca5750d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Oil Ministry expects Egypt\u2019s crude oil production at 670-680k in FY2018-19","related_issue":[623456],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.b4011393-4629-4a85-a69c-1848bcdd1815.mp3"},"yoast_head":"\nOil Ministry expects Egypt\u2019s crude oil production at 670-680k in FY2018-19 - 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\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry expects Egypt\u2019s crude oil production at 670-680k in FY2018-19\" \/>\n<meta property=\"og:description\" content=\"The Oil Ministryexpects Egypt\u2019s production of crude oil to record 670-680k bbl\/d in FY2018-2019, up from 660k bbl\/d in FY2017-2018, a ministry official tells Youm7. The ministry expects local production to ramp up as a number of fields go online within the next few months. The ministry had previously said it is aiming to have […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-31T04:18:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oil Ministry expects Egypt\u2019s crude oil production at 670-680k in FY2018-19\",\"datePublished\":\"2018-10-31T04:18:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/\"},\"wordCount\":83,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/oil-ministry-expects-egypts-crude-oil-production-at-670-680k-in-fy2018-19\/\",\"name\":\"Oil Ministry expects Egypt\u2019s crude oil production at 670-680k in FY2018-19 - 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The proposed budget is currently with the House of Representatives for discussion. Our refresher on the proposed budget is here. Finance\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":638267,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/oil-ministry-to-increase-crude-exploration-tenders-this-year\/","url_meta":{"origin":623482,"position":2},"title":"Oil Ministry to increase crude exploration tenders this year","author":"enterpriseam admin","date":"1 October 2017","format":false,"excerpt":"Oil Minister Tarek El Molla issued directives over the weekend to increase the number of crude oil tenders this year, sources tell Al Borsa. The EGPC was given orders to complete tallying potential exploration concessions ahead of issuing global tenders. The move comes as part of the ministry\u2019s plan to\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":597140,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/17\/egypt-eyes-setting-crude-price-in-hedging-contract-at-usd-64-68\/","url_meta":{"origin":623482,"position":3},"title":"Egypt eyes setting crude price in hedging contract at USD 64-68","author":"enterpriseam admin","date":"17 July 2019","format":false,"excerpt":"Egypt eyes pricing crude at USD 64-68 in new hedging contract: Crude oil prices will be set at USD 64-68 per bbl in the government\u2019s fuel hedging contracts with international banks, which are due to be renewed soon for the new fiscal year, an unnamed government source estimated, according to\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\/2\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598254,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/egypt-expects-subsidy-spending-to-come-in-egp-13-bn-below-budget-in-fy2018-2019\/","url_meta":{"origin":623482,"position":4},"title":"Egypt expects subsidy spending to come in EGP 13 bn below budget in FY2018-2019","author":"enterpriseam admin","date":"20 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin expects subsidy spending to come in EGP 13 bn below budget this fiscal year thanks to lower oil prices: The Finance Ministry has revised downwards to EGP 315 bn from EGP 328 bn its total subsidy expenditure forecast for the current fiscal year, two senior officials told Enterprise.\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\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642078,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/egpc-crude-oil-production-reaches-57000-bbl-d-for-the-first-time\/","url_meta":{"origin":623482,"position":5},"title":"EGPC crude oil production reaches 57,000 bbl\/d for the first time","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"The EGPC\u2019s production of crude oil reached 57,000 bbl\/d for the first time in its history, the company said in a geological report picked up by Al Masry Al Youm on Friday. 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