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As of 2005, Egypt's reserves of natural gas are estimated at 66 trillion cubic feet (1.9 × 10 ^ 12 m 3), which are the third largest in Africa. [11] Egypt's production of natural gas was estimated at 2,000 billion cubic feet (57 × 10 ^ 9 m 3) in 2013, of which almost 1,900 billion cubic feet (54 × 10 ^ 9 m 3) was domestically consumed. [12]
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouly said in a press conference on Thursday. The North ...
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Oil and gas accounted for approximately 7% of GDP in fiscal year 2000–01. Export of petroleum and related products amounted to US$2.6 billion in the year 2000. In late 2001, Egypt's benchmark "Suez Blend" was about US$16.73 per barrel ($105/m 3), the lowest price since 1999. Egypt's oil consumption is overtaking oil production.
The Egyptian General Petroleum Corporation (EGPC) (Arabic: الهيئة المصرية العامة للبترول) is a national oil company of Egypt. EGPC's business includes crude oil exploration, refining, and storage. The company also produces lubricants and greases and offers services for oil and gas projects. [1]
The Central Bank explained that Egypt's non-oil trade deficit had improved by 34% during the past year ending in June, declining to US$31.6 billion, compared to US$47.8 billion in the previous fiscal year, supported by a decrease in payments for non-oil commodity imports by about US$16.4 billion.