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Egypt’s daily oil output falls to lowest level since July 2009

Egypt’s daily oil output falls to lowest level since July 2009
Egypt's total oil production amounted to 17.9 million barrels in April

By: Heba El-Kordy

Cairo – Mubasher: Oil output in Egypt dropped in March and April to the lowest level since July 2009 amid the repercussions of the coronavirus (COVID-19) pandemic, according to data compiled by Mubasher.

Egypt’s oil production declined to about 598,950 barrels per day (bpd) in April from nearly 631,140 bpd in the same month a year earlier, while the oil output fell to around 594,62 bpd last March from about 612,300 bpd in February and January, data released by the Joint Organisations Data Initiative (JODI) showed.

During April, the most populous Arab nation’s total oil production amounted to 17.9 million barrels, compared to 18.93 million in April 2019.

From January to the end of April, the North African nation’s oil output retreated by 2.5% from about 614,520 bpd in December 2019.