North Africa
Egypt
Egypt's economy finally looks set for a period of sustained growth on the back of a gas output renaissance, with renewed LNG exports adding another supplier to the Mediterranean basin.
State of Play
With soaring output from the giant offshore Zohr field, Egypt has again become a net exporter of gas. But it remains to be seen if the country can fulfill its ambitions of becoming a regional gas hub.
2019 In Numbers
Crude Output
0.63
mn b/d
Crude Export
0.09
mn b/d
Gas Output
67.5
bcm
Gas Exports
5.89
bcm
LNG Exports
5.2
mn tons
O&G Export Rev.
-
$bn
| Crude Output | 0.63 | mn b/d |
| Crude Export | 0.09 | mn b/d |
| Gas Output | 67.5 | bcm |
| Gas Exports | 5.89 | bcm |
| LNG Exports | 5.2 | mn tons |
| O&G Export Rev. | - | $bn |
10 Jul, 2020
Featured
Egypt Bags Superrmajor Full House
Global exploration pullback? Not in Egypt with Chevron, Shell, Total and BP bagging key frontier Mediterranean acreage after Exxon signed up earlier in the year. Key regional offshore player Noble Energy is also entering the country.
Full House: Latest Awards* Mean All Five Supermajors Have Signed Up For Egypt’s Virgin West Med Acreage
NEWS IN BRIEF
Egypt: Idku Restart Imminent
10 Jul, 2020
Egypt: Assiut Hydrocracker EPC Award
10 Jul, 2020
Egypt Bags IMF Cash
10 Jul, 2020
EGPC Ups Midor Stake To 80%
5 Jun, 2020
Egypt $5bn Bond Sale
22 May, 2020
BP: New North Africa Chief
22 May, 2020
Egypt Lines Up Ammonia Project
15 May, 2020
E-Methanex Output Down 12%
8 May, 2020
SELECTED DATA
1: Egypt Oil Output Fell To A 38-Year Low Of 608,000 B/D For March ('000 B/D)
2: Apache Gross Egypt Output Is At A 10-Year Low But The US Firm Hopes A Well-Stocked Inventory Will See A Rebound
3: Apache Hikes Egypt Capex, But Still Just 40% Of 2014 Levels
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