Egypt’s oil consumption falls to 31 mln tonnes in FY2019 – minister

Egypt’s domestic petroleum consumption fell to 31 million tonnes during the financial year 2018/2019 from 39 million tonnes in the year 2015/2016 during the financial year 2015/2016, said Oil Minister Tarek el-Molla on Friday.

This came as a result of the country’s reform programme, which reduced petroleum imports to 12 million tonnes, from 16 million tonnes.

Over the past years, challenges lied mainly in the steady growth of domestic demand, higher value of subsidies, and the need to ramp infrastructure development spending.

The minister’s remarks came during a visit to Zohr field, accompanied by a parliamentary delegation, including energy and environment committee members and executives of petroleum companies.