CAIRO: Petroleum investments took the largest percentage of industrial investments, according to a recent report from the Egyptian Ministry of Planning. Petrol investments are estimated to be 36.5 billion EGP (U.S. $6.13 billion), equaling 16 percent of total investment. When petroleum refining investments, equaling 8.4 billion EGP (U.S. $1.41 billion), are added to the petroleum sector total investment will be 45 billion (U.S. $7.55 billion), or 19 percent of total investments. Natural gas investments equal 74 percent of investments, petroleum products equal 19 percent and crude oil investment equals 7 percent. The private and investment sector will account for 91 percent of petroleum investments, equally 33 billion EGP (U.S. $5.5 billion). Public investments represent 9 percent, or 3.4 billion EGP (U.S. 571.1 million). The petroleum investment plan aims to fund oil materials to the tune of 99 billion EGP (U.S. $16.63 billion) – diesel fuel will receive 46 billion EGP (U.S. $7.73 billion), butane gas will receive 16.9 billion EGP (U.S. $2.84 billion), fuel oil will receive 13.3 billion EGP (U.S. $2.23 billion), various types of gasoline will receive 12.6 billion EGP (U.S. $2.2 billion) and kerosene will receive 300 million EGP (U.S. $50.4 million). The strategic vision includes a plan to produce 28.5 million tons of crude oil, an as expected production for 2011-2012, 104 million tons of butane gas, a 3.9 percent increase in the 2011-2012 expectation, and 53.4 million tons of gases, an 11 percent increase in the expected 2011-2012 production. The total expected output for crude oil and natural gas is 88.3 million tons, a six percent increase in the expected 2011-2012 production cycle. The plan also is prepared to export 30.8 million tons of its petroleum sector products. National petroleum exports bring in 11.9 billion EGP (U.S. $2 billion).
