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Egyptian oil imports decrease by a third during 2020

Egyptian Oil Imports
(Photo credit HAIDAR MOHAMMED ALI/AFP/Getty Images)

The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) said the total value of Egyptian oil imports decreased by 32.2% in 2020.

CAPMAS said total imports of petroleum products reached $6.383 billion in 2020. The number was at $9.429 billion in 2019.

Imports of diesel, the most prominent oil product, have decreased to $858 million. In 2019, the number was at $3.815 billion.

The gasoline 95 imports decreased to $609 million, after reaching $1.487 billion in 2019.

Egyptian oil imports

CAPMAS said liquefied petroleum gas (LPG) imports decreased from $1.053 billion in 2019 to $840 million in 2020.

The agency said Algeria incurred the most decline in oil imports. Imports of LPG, diesel and gasoline 95 decreased to $161 million in 2020, compared to $478 million in 2019.

Saudi Arabia incurred a decrease in the value of its imports of crude oil, LPG, diesel and gasoline 95, from $3.415 billion in 2019 to $2.274 billion in 2020.

Other countries

Kuwait also witnessed an imports decline in terms of crude oil and diesel. The country recorded imports of $1.961 billion, compared to $2.102 billion in 2019.

Greece recorded a decline in imports of LPG and Diesel fuel, from $546 million to $109 million in 2020.

Turkish imports of gasoline 95 have decreased significantly, recording $64 million in 2020, compared to $469 million in 2019.

The Egyptian Central Agency for Public Mobilization and Statistics was established in 1964. It is the official body to provide data, statistics and reports.

The agency works to collect, process, analyze and publish all statistical data and censuses.

It owns well-trained human resources and high-level technical experts, and has recently adopted computing.

Recently, Egyptian Natural Gas Holding (EGAS) said Egypt has increased its gas production for the current fiscal year.

The fiscal year in Egypt begins on the first of July and ends on the thirty-first of June of each year.

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