The total cost of transportation of petroleum products reached EGP 18.1bn in 2015/2016, up from EGP 14.1bn in 2014/2015—an increase of 28%. Moreover, CAPMAS stated that transferred crude oil and other petroleum products by coastal tankers reached 5.4m metric tonnes in 2015/2016, of which 5.1m metric tonnes were crude oil and 0.3m metric tonnes were other petroleum products. The overall average cost of transporting one metric tonne of petroleum products reached EGP 120.4 in 2015/2016, while it was EGP 96.2 in 2014/2015—an increase of 25.2%. CAPMAS said that this is the highest average cost ever reached in Egypt of transporting petroleum products. The report pointed out that the lowest cost for transporting petroleum products was recorded through railway tanks, which cost only EGP 19—84.2% less than the average.

Source: Daily News Egypt March 21, 2017 12:33 UTC