{"id":646061,"date":"2017-06-05T04:20:09","date_gmt":"2017-06-05T04:20:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/"},"modified":"2017-06-05T04:20:09","modified_gmt":"2017-06-05T04:20:09","slug":"egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/","title":{"rendered":"Egypt to cut fuel imports to 10% of consumption by 2019"},"content":{"rendered":"

<\/a> The Oil Ministry has put forward a plan to cut fuel imports to 10% of consumption <\/strong>by 2019<\/strong>, according to an Al Borsa<\/a> report cited by Reuters<\/a>. Minister Tarek El Molla says plans are in place to ramp up production to reduce imports, which account for 30% of total consumption currently. Reuters notes that Egypt is already engaged in talks with LNG suppliers to defer shipments of fuel already contracted for delivery in 2018, as surging domestic gas production pushes back demand for imports. The reduction in imports will cut the amount of money spent on buying both unrefined and refined fuel products, El Molla says, as Egypt consumes 6.8 mn tonnes of fuel products in total per month.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 currently. Reuters notes that Egypt […]<\/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-646061","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cfa2a641-e4de-47cd-80b0-920d8811b0e3","order":"0","is_powered_by":true,"section_story_id":"c5a85560-6ac1-4a6f-bf11-1971a1113698","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646051],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to cut fuel imports to 10% of consumption by 2019 - 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\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to cut fuel imports to 10% of consumption by 2019\" \/>\n<meta property=\"og:description\" content=\"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 currently. Reuters notes that Egypt […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-05T04:20:09+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\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\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to cut fuel imports to 10% of consumption by 2019\",\"datePublished\":\"2017-06-05T04:20:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/\"},\"wordCount\":123,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/egypt-to-cut-fuel-imports-to-10-of-consumption-by-2019\/\",\"name\":\"Egypt to cut fuel imports to 10% of consumption by 2019 - 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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":599902,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/egypt-to-halt-fuel-imports-within-two-years\/","url_meta":{"origin":646061,"position":2},"title":"Egypt to halt fuel imports within two years","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"Egypt will halt imports of petroleum products, diesel in particular, within two yearsas production from national projects, including ones carried out by MIDOR and the Egyptian Refining Company, continues to grow, the Oil Ministry\u2019s Khalid Othman told the House of Representatives, according to Al Mal.","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":637222,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/fuel-subsidy-spending-rises-68-y-o-y-in-1q2017-18-el-molla-says\/","url_meta":{"origin":646061,"position":3},"title":"Fuel subsidy spending rises 68% y-o-y in 1Q2017-18, El Molla says","author":"enterpriseam admin","date":"12 November 2017","format":false,"excerpt":"Fuel subsidy costs rose 68% y-o-y to EGP 23.5 bn in 1Q2017-18, up from EGP 14 bn in the same quarter of the previous fiscal year, Oil Minister Tarek El Molla told reporters yesterday, Reuters reports. The minister reaffirmed that the government would not raise fuel subsidies again during this\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":625172,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/egypt-ends-natural-gas-imports\/","url_meta":{"origin":646061,"position":4},"title":"Egypt ends natural gas imports","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"Egypt has pulled the plug on natural gas imports. The pipeline news came as Egypt received its final shipment of imported liquefied natural gas last week, Oil Minister Tarek El Molla told the press yesterday, Reuters reports. El Molla \u2014 who did not specify the size of the most recent\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":569162,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-officially-became-a-net-exporter-of-lng-last-year-bringing-our-gas-hub-ambitions-ever-closer\/","url_meta":{"origin":646061,"position":5},"title":"Egypt officially became a net exporter of LNG last year, bringing our gas hub ambitions ever closer","author":"enterpriseam admin","date":"16 February 2020","format":false,"excerpt":"Egypt officially became a net exporter of LNG last year, bringing our gas hub ambitions ever closer: Egypt\u2019s imports of liquefied natural gas (LNG) fell to zero in 2019 and exported USD 1.24 bn-worth of LNG, marking a nearly 150% y-o-y increase, according to Capmas figures released on Thursday. 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