Egypt Compact with Africa
Egypt is a large producer, consumer, importer, and exporter of energy and electricity. Largest non-OPEC oil producer and second largest natural gas producer in Africa. Oil and gas sector is witnessing transformational changes in light of the newly discovered natural gas fields that would make Egypt reach self-sufficiency with regard natural gas
Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States. Egypt is the largest oil producer in Africa outside of the Organization of the Petroleum
Country Analysis Brief: Egypt
Egypt is the largest oil producer in Africa outside of the Organization of the Petroleum Exporting Countries (OPEC) and the third-largest natural gas producer on the continent following Algeria and Nigeria. Egypt plays a vital role in international energy markets through itsoperation of the Suez Canal and the Suez-Mediterranean (SUMED) Pipeline.
The split has led to a decline in oil production for both countries, they are now ranked as the fourth-largest non-OPEC African oil producer. 8. Congo 259,000 Barrels Per Day. The Republic of Congo is the 8th highest oil producing country in Africa and the 36th largest oil producing country in the World.
Egypt RCREEE
Egypt represents the region’s most populated energy market and is the largest oil and gas consumer in the continent. Egypt is also an important non-OPEC fossil fuel producer and plays a vital role in international energy trade.
Egypt has a diversified economy and is positioned as a strategic trade hub, being open on unilateral, regional, and multilateral levels. It is the largest non-OPEC oil producer in Africa and one of the leading dry natural gas producers in the region.
Oil & Gas in Egypt ReportLinker
- Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, as well as the largest non-OPEC producer. Scope Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Egypt
Egypt Egypt is the largest non-OPEC oil producer in Africa and the third-largest natural gas producer on the continent. Despite recent political unrest, it remains a strategically important global energy player- a situation enhanced by its position as a major transit route for oil shipped from the Persian Gulf to Europe and the United States.
International U.S. Energy Information Administration
Energy Information Administration EIA Official Energy Statistics from the U.S. Government
As the largest non-OPEC oil producer in Africa as well as the continent’s second-largest natural gas producer, Egypt’s hydrocarbons resources and production play a central role in the nation’s economy. While the sector was nationalised in the 1960s, more recent reorganisations have created separate authorities for oil, gas and petrochemicals, which has allowed the private sector to play
- Is Egypt a hydrocarbon producer?
- Some numbers may not add up due to rounding. Egypt is a significant and geographically important hydrocarbon producer. According to our latest estimates, Egypt was the second-largest non-OPEC (Organization of Petroleum Exporting Countries) producer in Africa of total liquid fuels in 2023, behind Angola.
- Which country produces the most natural gas in Africa in 2023?
- According to our latest estimates, Egypt was the second-largest non-OPEC (Organization of Petroleum Exporting Countries) producer in Africa of total liquid fuels in 2023, behind Angola. It was also the second-largest natural gas producer in Africa in 2022, second only to Algeria.
- How OPEC is affecting Africa's economic growth?
- Angola’s steady output supports economic diversification, exiting OPEC for independent production growth. Algeria balances energy export reliance with renewable investments, sustaining 908,000 b/d output amid OPEC quota extensions. The oil industry remains one of the most significant success factors in Africa’s economic growth.
- Why did Egypt invest $340 million in oil & gas?
- In July 2024, Egypt signed two strategic agreements with international companies, totaling $340 million, to boost oil and gas production in the Mediterranean and Gulf of Suez regions. The investments are part of broader efforts to strengthen the energy sector and increase production capacities (Reuters).
- Which countries are the largest oil producers in Africa?
- Nigeria remains Africa’s largest oil producer at 1.48 million b/d, driving GDP despite theft and pipeline challenges. Angola’s steady output supports economic diversification, exiting OPEC for independent production growth. Algeria balances energy export reliance with renewable investments, sustaining 908,000 b/d output amid OPEC quota extensions.
- Does Egypt have a natural gas industry?
- Randa Alami, “Egypt’s Domestic Natural Gas Industry,” The Oxford Institute For Energy Studies, OIES Paper: NG 12, April 2006. For more on the use of fossil fuel subsidies in Egypt, see Brendan Meighan, “Egypt’s Natural Gas Crisis,” Sada, Carnegie Endowment for International Peace, January 21, 2016.
