REUTERS/Richard CarsonCAIRO – 14 March 2021: The Media Center of Cabinet issued an infograph highlighting Egypt's step forward to achieving self-sufficiency in petroleum products (gasoline and diesel) in 2023, after the success in achieving gas self-sufficiency in 2018. It mentioned that the value of exports of petroleum products increased by 95 percent to record $3.9 billion in 2019/2020, compared to $2 billion in 2014/2015, while imports decreased by 53.3 percent, reaching $4.3 billion in 2019/2020 compared to $9.2 billion in 2014/2015. The report noted that the percentage of public investments implemented in the petroleum refining sector amounted to 333.3 percent, reaching LE 2.6 billion in 2019/2020 compared to LE 0.6 billion in 2014/2015. In a related context, the report dealt with presenting the most prominent indicators of improved production, as Egypt's production of petroleum products increased by about 16.5 percent, to reach 29.7 million tons in 2019/2020, compared to 25.5 million tons in 2014/2015. The report showed an increase in the production capacity of petroleum products thanks to the expansion of refining projects, pointing to an increase in the production capacity of the refineries of petroleum products by 23.4 percent, reaching 32.7 million tons in 2019/2020 compared to 26.5 million tons in 2014/2015.

Source: Egypt Today March 14, 2021 14:37 UTC