Market Snapshot

Jul 4, 2019 | Egypt, Egypt Energy Report Q3 2019

Egypt’s energy sector is experiencing a renaissance thanks to a series of exciting gas discoveries and the government’s long-overdue reform of the sector. It is a remarkable turnaround for the African nation, which had to halt gas exports and begin imports in 2015,...

Reserves, production and consumption

Jul 4, 2019 | Egypt, Egypt Energy Report Q3 2019

Egypt’s proven oil reserves totalled 3.3 billion barrels at the end of 2018, accounting for 0.2% of the world total. Its gas reserves amounted to 2.1 trillion cubic metres, some 1.1% of the world total. Egypt’s main oil and gas deposits are clustered in the Gulf of...

Egypt’s oil and gas fields

Jul 4, 2019 | Egypt, Egypt Energy Report Q3 2019

Figure 1: Egypt’s oil and gas fields Egypt’s oil consumption overtook local production in 2010. In 2018, the country produced 670,000 barrels a day (b/d) of oil (including condensates and natural gas liquids), and consumed around 760,000 b/d, with the gap being...