EGPC has had to organize record gasoline imports to tackle a double whammy of record demand and reduced output from Egypt’s refiners, according to the latest data from the Joint Organizations Data Initiative (Jodi). Yet despite the state oil firm’s efforts, there have been gasoline shortages.
Egypt’s gasoline demand reached a new peak of 159,000 b/d in July, while refineries’ output fell to 65,000 b/d. These levels compare with average demand of 147,000 b/d in the first half of 2015 and average gasoline output of 75,000 b/d in the same period. (CONTINUED - 626 WORDS)