Egypt’s petroleum imports decline 23.4 pct in 2019

Hellenic Shipping News | Feb 15, 2020 at 12:00 AM
  • Egypt’s imports of petroleum products decreased during 2019 to 9.4 billion U.S. dollars, while its petroleum exports increased to 4.9 billion U.S. dollars.
  • Egypt’s total exports of petroleum products amounted to about 4907 million U.S. dollars in 2019 compared to 4694 million U.S. dollars during 2018, an increase of 4.54 percent.
  • Egypt aims to become a regional hub for the trade of oil and liquefied natural gas after major discoveries were made in recent years, including the Zohr gas field in the Mediterranean which holds an estimated 30 trillion cubic feet of gas.