Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said on Saturday.
The government expects to buy 7.79 million tonnes of LNG for $3.55 billion and 6.37 million tonnes of crude oil for $3.51 billion, the ministry said in a handout given to journalists at a news conference on its economic development plan for the current fiscal year, which started on July 1.
The Arab world's most populous country, which recently turned from a net energy exporter into an importer, aims to produce about 695,000 barrels per day (bpd) of crude oil and condensates in addition to 4.7 billion cubic feet of gases sold daily.
Government projections put production at 30.5 million tonnes of crude oil this year, bringing the total projected production of oil, condensates and butagas to 35.9 million tonnes.
