Crude oil: domestic production down by 14% at end November 2022

Domestic production of crude oil stood at 1519 kilotons (kt) at the end of November 2022, recording a 14% drop compared to the end of November 2021, reveals the monthly report on the energy situation published by the National Observatory of Energy and Mines Tuesday.

According to the report which covered November 2022, the drop has affected most of the main oil fields including Halk el Manzel, Baraka , Adam , El borma , Cherouq , Hasdrubal , El Hajeb/Guebiba , M.L.D and Cercina.

On the other hand, the fields of Gherib, Nawara, Franig, Bag, Tarfa and Ashtart have seen an improvement in production.

Domestic demand for petroleum products see slights increase of 1%

As for the domestic demand for petroleum products, it experienced between the end of November 2021 and the end of November 2022, a slight increase of 1% to 4163 kilotonnes of oil equivalent (ktoe).

This is mostly due to the measures taken by the government in 2021 to contain the spread of the COVID-19 pandemic, explains the observatory, pointing out that this hike concerned gasoline (+5%), jet (+70%) and liquefied petroleum gas (LPG)( +3%).

On the other hand, the demand for petroleum coke recorded a drop of 11%.

According to the report, the structure of consumption of petroleum products did not change significantly between the end of November 2021 and the end of November 2022, with the exception of a few products, notably jet fuel, whose share rose from 3% to 5%, and petcoke, which rose from 12% to 11%.

In addition, the consumption of road fuels remained almost stable until the end of November 2022, representing 64% of the total consumption of oil products.

LPG consumption increased by 3% between the end of November 2021 and the end of November 2022.

As for the consumption of petroleum coke, which is used exclusively by cement factories, it decreased by 11% until the end of November 2022.

On the other hand, the consumption of aviation jets recorded a significant increase of 70% at the end of November 2022 compared to the same period in the previous year, following the revival of the air transport sector activities in the air transport sector, which were severely affected by the repercussions of the Coronavirus pandemic.

Source: Tap News Agency