Egypt multiplies crude oil imports in January, February

In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020 as their size was $553.6 million in January and $548.7 million in February.
Wed, May. 20, 2020
CAIRO – 20 May 2020: In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020 as their size was $553.6 million in January and $548.7 million in February.

Oil imports were worth $121.5 million in January 2019 and $233.26 million in February 2019.

In February, the total fuel imports recorded $849.9 million declining by $105 million compared to February 2020. Oil products imports decreased by $ 392.18 million recording $183.9 down from $576.114 million. Also, Egypt's imports of coal declined by $35 million to become $1.35 million down from $36.918 million.

In the same month, Egyptian fuel exports achieved a slight increase of $51.8 million recording $637.78 million up from $586 million. However, crude oil exports were $92.59 million down from $206.3 million with a decline worth $113.76 million.