{"id":636836,"date":"2017-11-01T03:55:11","date_gmt":"2017-11-01T03:55:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/"},"modified":"2017-11-01T03:55:11","modified_gmt":"2017-11-01T03:55:11","slug":"oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/","title":{"rendered":"Oil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20"},"content":{"rendered":"

The Oil Ministry expects local consumption of petroleum products to increase to an annual 4% until FY2019-20, Al Shorouk reports<\/a>. 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 to the ministry. Meanwhile, Egypt\u2019s petroleum production will reach 7.6 mn tonnes by FY2019-20. Separately, Oil Minister Tarek El Molla said yesterday that Egypt is on track to pay off all arrears to international oil companies within two years if payments continue at the same rate, according to Reuters<\/a>. El Molla had said back in August<\/a> that arrears had fallen to USD 2.3 bn, the lowest it has been since 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 to the ministry. Meanwhile, Egypt\u2019s […]<\/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-636836","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2f1d3eb3-794b-4072-ab19-50999f44bdcf","order":"0","is_powered_by":true,"section_story_id":"f3000a0d-8478-40ef-906b-6bf25ab9147c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636797],"teaser":"","voice_url":""},"yoast_head":"\nOil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20 - 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\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20\" \/>\n<meta property=\"og:description\" content=\"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 to the ministry. Meanwhile, Egypt\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-01T03:55:11+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20\",\"datePublished\":\"2017-11-01T03:55:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/oil-ministry-expects-4-annual-increase-in-petroleum-product-consumption-until-fy2019-20\/\",\"name\":\"Oil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20 - 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This is an upward revision from recent Oil Ministry projections that saw Egypt reaching the same figure at a later time in 2021.","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":624881,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/oil-ministry-sees-10-consumption-increase-in-fuel-and-gas-this-year\/","url_meta":{"origin":636836,"position":4},"title":"Oil Ministry sees 10% consumption increase in fuel and gas this year","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"The Oil Ministry expects domestic consumption of fuel to increase 10.2% y-o-y to 35.5 mn tonnes in FY2018-19, Oil Minister Tarek El Molla told Masrawy. Natural gas consumption is projected to increase 10.46% y-o-y this year. 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State-owned Egyptian Petrochemical Holding Company completed its studies on the complex, which is set to come online in 2024, last\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636836","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=636836"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636836\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636797"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636836"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636836"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}