Analysis & Forecasts
Middle East & Africa
January 2018
Egypt’s use of fuel oil for power generation is expected to decline significantly in 2018 because of growing gas supplies in the country – notably from the giant Zohr gas field, which started production in December 2017. Production at the field is expected to ramp up to 28.6 milion cubic metres per day by mid-2018. Egypt’s fuel oil consumption dropped from 200,000 barrels per day at the beginning of 2017 to 170,000 b/d in recent months, according to the International Energy Agency. Gas is the...