{"id":626897,"date":"2018-07-15T03:59:09","date_gmt":"2018-07-15T03:59:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/"},"modified":"2018-07-15T03:59:09","modified_gmt":"2018-07-15T03:59:09","slug":"oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/","title":{"rendered":"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021"},"content":{"rendered":"

The Oil Ministry is looking to reduce fuel imports to 12% of total energy imports by 2021<\/strong>, down from a current 30%, ministry sources tell Youm7<\/a>. 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<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626897","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e6a12e89-0c6b-4a74-b34c-08e47794bc2c","order":"0","is_powered_by":true,"section_story_id":"379c97b7-9014-407d-996b-cdfbfcc3635d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626884],"teaser":"","voice_url":""},"yoast_head":"\nOil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021 - 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\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-15T03:59:09+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\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021\",\"datePublished\":\"2018-07-15T03:59:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\",\"name\":\"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-07-15T03:59:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/","og_locale":"en_US","og_type":"article","og_title":"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021","og_description":"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 […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-07-15T03:59:09+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021","datePublished":"2018-07-15T03:59:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/"},"wordCount":100,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/","name":"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-07-15T03:59:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/oil-ministry-looks-to-reduce-fuel-imports-ot-12-of-total-energy-imports-by-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":646061,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/","url_meta":{"origin":626897,"position":0},"title":"Egypt to cut fuel imports to 10% of consumption by 2019","author":"enterpriseam admin","date":"5 June 2017","format":false,"excerpt":"The Oil Ministry has put forward a plan to cut fuel imports to 10% of consumption by 2019, according to an Al Borsa report cited by Reuters. Minister Tarek El Molla says plans are in place to ramp up production to reduce imports, which account for 30% of total consumption\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":573960,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/25\/egypt-to-reduce-oil-imports-to-18-4-mn-tonnes-in-current-fiscal-year-sources\/","url_meta":{"origin":626897,"position":1},"title":"Egypt to reduce oil imports to 18.4 mn tonnes in current fiscal year -sources","author":"enterpriseam admin","date":"25 August 2020","format":false,"excerpt":"A positive spin on covid: Egypt\u2019s petroleum imports will fall 17.1% this fiscal year: Egypt will reduce its imports of oil and petroleum products in FY2020-21 to 18.4 mn tonnes, a 17.1% y-o-y drop from the 22.2 mn tonnes imported in FY2019-20. 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":632178,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/is-the-oil-ministry-backtracking-on-ending-lng-imports-in-july\/","url_meta":{"origin":626897,"position":2},"title":"Is the Oil Ministry backtracking on ending LNG imports in July?","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"Is the Oil Ministry backtracking on ending LNG imports in July? \u201cEgypt will stop importing LNG by the end of the year,\u201d Oil Minister Tarek El Molla said at a press conference yesterday, according to Reuters. El Molla had announced last week that Egypt will end LNG shipments by mid-2018,\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":600558,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/03\/lebanon-hopes-to-resume-natural-gas-imports-from-egypt\/","url_meta":{"origin":626897,"position":3},"title":"Lebanon hopes to resume natural gas imports from Egypt","author":"enterpriseam admin","date":"3 February 2019","format":false,"excerpt":"Lebanon is hoping to once again import natural gas from Egypt under the terms of a 2009 gas supply contract, Lebanese Energy Minister Cesar Abi Khalil said at a meeting on Thursday with Oil Minister Tarek El Molla, according to a ministry statement. Khalil did not provide a time frame\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":609389,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/05\/youre-going-to-pay-more-at-the-pumps-today\/","url_meta":{"origin":626897,"position":4},"title":"You\u2019re going to pay more at the pumps today","author":"enterpriseam admin","date":"5 November 2023","format":false,"excerpt":"Prices have now risen 16-25% in 2023","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\/2023\/11\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579035,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/another-usd-1-5-bn-from-the-itfc-for-energy-and-commodities-imports\/","url_meta":{"origin":626897,"position":5},"title":"Another USD 1.5 bn from the ITFC for energy and commodities imports","author":"enterpriseam admin","date":"23 January 2023","format":false,"excerpt":"More imports money from the ITFC: The government has signed a fresh USD 1.5 bn financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund energy and basic commodities imports, according to a tweet by CNBC Arabia citing ITFC CEO Hani Sonbol. Sonbol yesterday met with the planning\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/387.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626897","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=626897"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626897\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626884"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626897"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626897"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}