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REPORT IN PRINT The Economics of Petroleum Transportation:
EGYPT’S
PERFORMANCE IN 2016/2017
T
By Mahinaz El Baz
ransportation services of petroleum products are a main pillar of the oil and gas industry all over the world. In hydrocarbon producing countries, they play a vital role linking upstream and downstream activities. In importing countries, they secure the linkage between importing locations and consumption points. Egypt, as a heavy oil producing and exporting country, relies on a variety of tools and channels to transport the extracted oil from its onshore and offshore fields to both local and international consumers. It is worth noting that Egypt’s petroleum industry has always been one of the core indicators of the health of the country’s economic environment. Thus, petroleum and petroleum products transportation services support increasing the economic growth and help the country overcome the current economic hardships.
May 2018 - ISSUE 137
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