Ministry of Oil sees 10% consumption increase in fuel and gas this year
Ministry of Oil is expecting domestic consumption of fuel to increase 10.2% Y-o-Y to 35.5mn tonnes in FY18/19, Minister of Oil, Tarek El Molla. Natural gas consumption is projected to increase 10.46% Y-o-Y this year. As Egypt’s concessions come online, the Ministry is looking to reducing its dependence on fuel in favour of natural gas by 4.87%, El Molla added.
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