Egypt’s fuel imports rise to $600 mln in Sept. 2017: CAPMAS

The total value of Egypt’s fuel imports rose to $601 million during September 2017 from $476 million during the same period in 2016, the country’s state-run statics agency CAPMAS said Thursday.

“Crude oil imports fell to $151 million in the same period (September 2016),” CAPMAS further added.

The imports of petroleum products dropped to around $284 million, compared with $299 million.

“The value of coal imports registered about $34 million versus $22 million, with an increase of $12 million,” the agency stated.

Egypt’s Petroleum Ministry targets achieving self-sufficiency of oil products and natural gas within the next two years in conjunction with the entry of new fields and wells into production phase, notably Zohar and northern Alexandria fields, Minister Tarek el-Molla said.

“Egypt will be able to achieve the self-sufficiency of oil by 2019,” el-Molla referred.