The Egypt Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore, and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Egypt Oil And Gas Market size was valued at USD 2.26 Billion in 2023 and is projected to reach USD 9.22 Billion by 2031, growing at a CAGR of 3.0% from 2024 to 2031.

Key Market Drivers: Demand for Energy: Rising energy consumption in Egypt and neighboring regions is anticipated to drive the demand for oil and gas products. This trend is likely to support the expansion of the sector and increase energy production capacities. Investments in Exploration and Production: Increased foreign investments in oil and gas exploration are projected to boost the sector. This is driven by favorable government policies and the discovery of untapped reserves, positioning Egypt as an attractive investment destination. The Egyptian General Petroleum Corporation (EGPC) reported that foreign investments in oil and gas exploration reached USD 8.1 Billion in fiscal year 2022/23.

The Egypt Oil And Gas Market size was valued at USD 7.48 Million in 2023 and is projected to reach USD 9.21 Million by 2032, exhibiting a CAGR of 3.01 % during the forecasts periods.The oil and gas sector in Egypt is a critical driver of the country's economy, serving as a cornerstone for domestic energy supply and economic progress. Egypt boasts substantial reserves of oil and natural gas, with significant exploration and production activities concentrated in diverse regions such as the Western Desert, Nile Delta, and offshore Mediterranean Sea. This industry features a mix of multinational oil companies, national entities such as the Egyptian General Petroleum Corporation (EGPC), and international operators engaged across upstream exploration and production, midstream transportation, and downstream refining and distribution.Egypt's strategic geographic location and abundant natural resources establish it as a prominent player in both regional and global energy markets. The discovery of major natural gas fields, notably the Zohr gas field in the Mediterranean, has been pivotal in transforming Egypt into a net exporter of natural gas and bolstering its energy security. The government has implemented reforms aimed at attracting foreign investments, fostering exploration activities through licensing rounds, and enhancing infrastructure to support sectoral expansion. Key challenges confronting the Egyptian oil and gas market include regulatory uncertainties, geopolitical risks, fluctuations in global energy prices, and the ongoing need for substantial investments in infrastructure and technology. Additionally, environmental considerations and sustainability objectives are gaining prominence as the industry strives to harmonize economic growth with environmental responsibility. Recent developments include: June 2023: United Oil and Gas Company (UOG) reported the discovery of a total of 12.5 meters of net oil pay during testing of the ASD-3 development well in the Abu Sennan license onshore Egypt. This included 3 meters of net pay in the Abu Roash C reservoir (AR-C) and 9.5 meters of net pay in the Abu Roash E (AR-E) reservoir across the primary Abu Roash reservoir., May 2023: Dana Gas, a UAE-based energy firm, unveiled its plans to commence drilling 11 new wells in Egypt by the year-end. The projected outcome of these wells is an addition of up to 80 bcf (billion cubic feet) of reserves and production. Dana Gas has earmarked approximately USD 100 million for these drilling activities. Notably, the company holds four concessions in Egypt and is actively pursuing its consolidation into a single concession. This initiative is currently pending approval by the House of Representatives.. Key drivers for this market are: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Potential restraints include: 4., Inclination towards renewable energy. Notable trends are: Upstream Sector is Expected to be the Fastest Growing Sector.

The Egypt Oil and Gas Upstream Market, encompassing onshore and offshore operations, is projected to experience steady growth throughout the forecast period (2025-2033). While a precise market size for 2025 isn't provided, we can infer a substantial value based on the given CAGR of 1.52% and the available study period (2019-2033). Considering global oil and gas market trends and Egypt's existing production levels, a reasonable estimation for the 2025 market size could be in the range of $10-15 billion USD. This growth is primarily driven by increasing domestic energy demand, Egypt's strategic geographical location facilitating exports to European markets, and ongoing exploration and development activities by major international and national oil companies. Key segments include crude oil and natural gas production, with natural gas showing potentially stronger growth due to its increasing role in power generation and industrial applications. However, challenges such as geopolitical instability in the region, fluctuating global oil prices, and the growing emphasis on renewable energy sources represent potential restraints. The dominance of established players like BP, ExxonMobil, and Shell, alongside the active participation of Egyptian General Petroleum Corporation (EGPC) indicates a competitive yet concentrated market structure. The market’s steady growth trajectory is expected to continue, though potentially at a slightly moderated pace in later years due to the inherent volatility of the global energy sector. Ongoing investment in infrastructure, technological advancements in extraction and exploration, and potentially successful exploration ventures could spur growth above the projected CAGR. Conversely, stricter environmental regulations and a potential shift towards renewable energy sources might moderate growth. Analyzing the market segmentation more precisely (onshore vs. offshore, and the specific production of crude oil, natural gas, and other products) would enable a more refined forecast. The involvement of both multinational energy giants and the national oil company underscores a balanced interplay between foreign investment and domestic economic development, significantly shaping the future of the Egyptian oil and gas upstream market. Recent developments include: May 2023: UAE-based energy firm - Dana Gas announced its plans to start the drilling of 11 new wells in Egypt by the end of this year and projects the wells to add up to 80 bcf of reserves and production. The company has allocated investments of approximately USD 100 million to drill these wells, indicating that the company has four concessions in Egypt and is seeking to include them in one concession within an agreement awaiting approval by the House of Representatives., June 2022: The Egyptian Natural Gas Holding Company announced that BP was awarded an offshore exploration block in Egypt following its successful participation in a limited bid round in 2021., January 2022: TransGlobe Energy Corporation and Pharos Energy were appointed by the Ministry of Petroleum and Mineral Resources to conduct oil exploration in the Western and Eastern Deserts. The contracts are valued at at least USD 506 million in total. Additionally, both regions will receive a USD 67 million grant to drill 12 wells.. Key drivers for this market are: 4., Increasing Investment in the Oil and Gas Sector. Potential restraints include: 4., Increasing Investment in the Oil and Gas Sector. Notable trends are: Natural Gas Expected to Dominate the Market.

The Report Covers Oil and Gas Companies in Egypt and the Market is Segmented by Type into Refineries and Petrochemical Plants. The crude oil refining capacity forecast (thousand barrels per day) for these segments.

The size of the Egypt Natural Gas Market was valued at USD 10.8 USD Billion in 2023 and is projected to reach USD 23.88 USD Billion by 2032, with an expected CAGR of 12.00% during the forecast period. Recent developments include: January 2022: The Ministry of Petroleum and Mineral Resources signed two new agreements with the Canadian Transglobe and Pharos Energy for the exploration and production of oil and gas in the Eastern and Western deserts. It includes new investments of around USD 506 million and a signature grant of USD 67 million to drill 12 wells., January 2022: The Egyptian Ministry of Petroleum and Energy Resources announced the date for exporting natural gas to Lebanon as February-end or mid-March. The decision was a part of an energy deal among Egypt, Lebanon, Syria, and Jordan, according to which Egypt will export natural gas to Lebanon via Syria and Jordan.. Key drivers for this market are: 4., Increasing Power Demand4.; Increasing Penetration of Renewable Energy. Potential restraints include: 4., Inadequate Infrastructure in the Country. Notable trends are: Industrial Segment Expected to Dominate the Market.

Discover the latest insights into Egypt's Oil & Gas market, projected to reach $9.42 billion by 2033. Analyze market size, growth, key players (BP, Shell, ExxonMobil), and regional trends impacting this dynamic sector. Learn about growth drivers, restraints, and future forecasts for this lucrative market. Recent developments include: June 2023: United Oil and Gas Company (UOG) reported the discovery of a total of 12.5 meters of net oil pay during testing of the ASD-3 development well in the Abu Sennan license onshore Egypt. This included 3 meters of net pay in the Abu Roash C reservoir (AR-C) and 9.5 meters of net pay in the Abu Roash E (AR-E) reservoir across the primary Abu Roash reservoir., May 2023: Dana Gas, a UAE-based energy firm, unveiled its plans to commence drilling 11 new wells in Egypt by the year-end. The projected outcome of these wells is an addition of up to 80 bcf (billion cubic feet) of reserves and production. Dana Gas has earmarked approximately USD 100 million for these drilling activities. Notably, the company holds four concessions in Egypt and is actively pursuing its consolidation into a single concession. This initiative is currently pending approval by the House of Representatives.. Key drivers for this market are: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Potential restraints include: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Notable trends are: Upstream Sector is Expected to be the Fastest Growing Sector.

The Report Covers Oil & Gas Midstream Companies in Egypt and the Market is Segmented by Transportation, Storage, and LNG Terminals.

Discover the booming Egypt Oil and Gas market! Explore its $7.48 billion (2025) size, 3.01% CAGR, key players (Shell, BP, Eni), and future growth projections to 2033. Investment opportunities and market trends analyzed. Key drivers for this market are: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Potential restraints include: 4., Inclination towards renewable energy. Notable trends are: Upstream Sector is Expected to be the Fastest Growing Sector.

Discover the booming Egypt Oil & Gas Midstream market! Explore a $1.65B (2025) industry with a 4.38% CAGR (2025-2033), driven by infrastructure projects, LNG terminal expansion, and rising energy demand. Analyze key players, market segments, and future growth projections in this comprehensive market analysis. Recent developments include: In June 2023, Egypt and Jordan entered into a collaboration agreement that allows the North African nation to use the floating storage regasification unit (FSRU) at the Sheikh Sabah port in Aqaba. FSRU terminals are crucial in the liquefied natural gas value chain, forming the interface between LNG carriers and the local gas supply infrastructure. As part of the agreement, the Jordanian side will receive LNG from Egypt and pump back some of the gas through transborder pipelines to the country if needed., In July 2022, the Egyptian petroleum ministry announced plans to set up a new area for crude oil storage in El- Tebbin, south of Cairo. According to the ministry, the project, with an estimated cost of about USD 96.21 million, aims to receive crude from the Ain Sokhna terminal on the red sea and pump it to Upper Egypt.. Key drivers for this market are: 4., Increasing investment in the Midstream Sector4.; Increasing Production of Oil and Natural Gas. Potential restraints include: 4., Increasing investment in the Midstream Sector4.; Increasing Production of Oil and Natural Gas. Notable trends are: Transportation Sector to Witness Growth.

The size of the Oil & Gas Downstream Market in Egypt market was valued at USD 8.2 USD Billion in 2023 and is projected to reach USD 11.54 USD Billion by 2032, with an expected CAGR of 5.00% during the forecast period. Recent developments include: In August 2022, Egypt's Anchorage Investments shortlisted four international companies to construct a USD 2 billion petrochemicals complex in the Suez Canal Economic Zone on the Red Sea. The companies shortlisted are Hyundai, Samsung, Tecnicas Reunidas, and Technip Energies., In September 2022, Egyptian Petrochemicals Holding Company (ECHEM) announced that a consortium of Petrojet, ENPPI, and Bechtel is working on the Front-End Engineering Design (FEED) for the refinery-cum petrochemical complex located in Suez Canal Corridor - Industrial Zone.. Key drivers for this market are: 4., Increasing Power Demand4.; Increasing Penetration of Renewable Energy. Potential restraints include: 4., Inadequate Infrastructure in the Country. Notable trends are: Refineries to Dominate the Market.

Egypt Oil And Gas Upstream Market size was valued at $12.8 Bn in 2024 and is projected to reach $19.2 Bn by 2032, growing at a CAGR of 4.60% from 2026 to 2032.

Key Market Drivers:

Rising Domestic Energy Demand and Economic Growth: The Egyptian economy’s rapid growth is resulting in major investment in upstream oil and gas exploration. According to the International Monetary Fund (IMF), Egypt’s real GDP growth will reach 3.3% in 2022, indicating a significant demand for greater energy production. According to the Egyptian Ministry of Petroleum and Mineral Resources, domestic energy consumption has been continuously increasing, with natural gas consumption increasing by about 6.8% each year.

Strategic Government Investments in Exploration and Production: The Egyptian government has actively encouraged upstream investment through favorable legislation and infrastructure development. The Ministry of Petroleum’s strategic plan includes major spending in both offshore and onshore exploration.

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Oil And Gas Logistics Market Size 2025-2029

The oil and gas logistics market size is valued to increase by USD 5.06 billion, at a CAGR of 5.4% from 2024 to 2029. Shift in freight operations from over-the-road to intermodal will drive the oil and gas logistics market.

Market Insights

North America dominated the market and accounted for a 40% growth during the 2025-2029.
By Application - Onshore segment was valued at USD 9.88 billion in 2023
By Type - Pipeline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 49.61 million 
Market Future Opportunities 2024: USD 5057.10 million
CAGR from 2024 to 2029 : 5.4%

Market Summary

The market plays a pivotal role in the global energy sector, facilitating the efficient movement of crude oil and natural gas from production sites to end-users. One significant trend shaping this market is the shift from over-the-road freight operations to intermodal transportation. Intermodal logistics, which combines multiple modes of transportation, offers cost savings, improved efficiency, and reduced carbon emissions. Another factor driving the market is the increasing replacement of coal-fired power plants with natural gas-based power generation. Natural gas is a cleaner-burning fuel, contributing to reduced greenhouse gas emissions and improved environmental sustainability. However, logistical challenges, such as the need for adequate infrastructure to store and transport natural gas, pose significant hurdles to the widespread adoption of this fuel source.
Supply chain optimization is a critical concern for oil and gas companies, as they strive to maintain operational efficiency and ensure timely delivery of their products. For instance, managing inventory levels, optimizing transportation routes, and implementing real-time tracking systems are essential strategies to mitigate risks and enhance overall logistical performance. In the context of regulatory compliance, companies must adhere to stringent safety and environmental regulations, which necessitate robust logistical planning and execution.

What will be the size of the Oil And Gas Logistics Market during the forecast period?

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The market continues to evolve, presenting both challenges and opportunities for industry players. According to recent studies, the market is expected to grow by over 5% in the next year, with increasing demand for efficient and sustainable logistics solutions. This growth is driven by several factors, including the need for compliance with environmental regulations, capacity planning, and digital transformation. Geospatial data and process automation are becoming essential tools for optimizing oil and gas logistics operations. For instance, real-time weather routing helps reduce transportation costs and improve safety, while pipeline integrity management systems ensure regulatory compliance and prevent costly leaks.
Additionally, the adoption of cloud computing and geographic information systems enables better demand forecasting and supply chain visibility. The implementation of these technologies requires significant investment in network infrastructure and terminal operations. Third-party logistics providers offer cost-effective solutions for companies looking to outsource these functions. However, security measures and data security are critical concerns, given the sensitive nature of the data involved. Oil spill response and maritime transportation are other areas where logistics plays a crucial role. Effective emergency preparedness plans and efficient distribution networks are essential for minimizing the impact of incidents and ensuring business continuity. In conclusion, the market is a dynamic and complex ecosystem that requires a strategic approach to remain competitive and profitable.
Companies must stay informed about the latest trends and technologies to make informed decisions on budgeting, product strategy, and operational efficiency.

Unpacking the Oil And Gas Logistics Market Landscape

In the dynamic oil and gas logistics sector, flow rate measurement and asset tracking are crucial components of throughput optimization. According to industry data, real-time monitoring of flow rates can lead to a 10% increase in operational efficiency, while accurate asset tracking reduces downtime by 5%. Logistics optimization encompasses transportation scheduling, pipeline transportation, and inventory management, with route optimization and vessel scheduling contributing to a 15% reduction in fuel consumption. Risk management and regulatory compliance are integral, with digital twin technology and IoT sensors enabling predictive maintenance and ensuring safety protocols. Blockchain technology enhances supply chain management by streamlining delivery optimization and cargo tracking. Pipel

Egypt Oil And Gas Midstream Market size was valued to be USD 1.60 Trillion in the year 2024 and it is expected to reach USD 2.5 Trillion in 2032, at a CAGR of 4.35% from 2026 to 2032.

Key Market Drivers: Strategic Geopolitical Location and Infrastructure: Egypt's strategic geopolitical location, coupled with its robust infrastructure, enhances its role as a key transit hub for oil and gas, facilitating energy exports to global markets. Egypt controls approximately 5% of global maritime oil trade through the Suez Canal and SUMED Pipeline. According to the Suez Canal Authority's official report, the canal is a critical energy transit route, facilitating approximately 7% of global maritime trade and enabling significant oil and gas transportation between the Middle East and European markets.

USD 46 Million in 2024; projected USD 58.71 Million by 2033; CAGR 2.79%.

The Kuwait Oil and Gas Upstream Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 3.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising imports & exports of the oil & gas, innovation of the new technologies, and increasing demand for various activities. The companies are trying to overcome and rearrange themselves from the Covid-19.



The oil and gas upstream includes the activities of exploration such as production activities, obtaining the rights of land, and creating surveys that are geological. The sale of natural and crude oil by organizations, partnerships, or sole traders, which tackle the activities of natural gas and crude oil production for pre-refining.

The companies of oil and gas in Kuwait are investing highly in the technology of digital oilfield for increasing the production of oil & gas. The oilfields that are digital integrate advance hardware, software, and techniques of data analysis for the collection of real time data in the oilfield. It includes product surveillance, remote communication systems, visualization, and integrated decision making.



The digital technologies used in the oilfield includes electrical pumps that has advances function, drill bits with high performance, reservoir modelling, and seismic imaging. The oil and gas upstream are used in various applications such as tank management, well optimization, well test management, injection control, surface control management, and others. Covid-19 has highly affected the market as well as market players of the oil and gas upstream due to heavy lockdown imposed along with strict rules by the government.

Market Trends, Drivers, Restraints, and Opportunities

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  Increasing usage of natural oil & gas is expected to boost the market growth during the forecast period.

  
  
  

  In the context of the Oil & Gas Upstream sector, Kuwait has been making significant strides in enhancing its exploration and production capabilities. The upstream segment is crucial as it involves the initial stages of oil and

Discover the booming African natural gas market! This comprehensive analysis reveals a CAGR exceeding 4.5%, driven by soaring energy demand and key players like TotalEnergies and Shell. Explore market size, trends, and regional insights for Nigeria, Algeria, Egypt, and South Africa in our detailed report covering 2019-2033. Recent developments include: In September 2022, The Nigerian National Petroleum Company Limited (NNPCL) announced its intention to sign a Memorandum of Understanding (MoU) on developing a gas pipeline with Morocco's National Office of Hydrocarbons and Mines and the commission of the Economic Community of West African States (ECOWAS). As a result of the MoU, the 7,000-kilometre Nigeria-Morocco gas pipeline project is expected to ramp up gas supply to Europe. Upon the project completion, 3 billion standard cubic feet of gas is expected to be supplied along the coast of West Africa from Nigeria, Benin, Togo, Ghana, Cote d'Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal, Mauritania to Morocco., In May 2022, Sonatrach and Eni signed a Memorandum of Understanding (MoU) in Rome to accelerate the development of gas fields in Algeria. In a more specific way, the Memorandum of Understanding is going to help Sonatrach and Eni assess the gas potential and opportunities for accelerated development at specific Algerian fields already discovered by SONATRACH. According to the agreement, Algeria is expected to export approximately 3 billion cubic meters of gas annually through the Transmed pipeline through the areas covered by the agreement.. Notable trends are: Governments Moving Towards the Cleaner Energy Sources is Driving the Market.

The Egypt Oil & Gas Downstream Market was valued at USD 20.31 Billion in 2023 is anticipated to reach USD 30.17 Billion by 2031, growing at a CAGR of 5.5% from 2024 to 2031.

Egypt Oil & Gas Downstream Market Definition/Overview

Downstream oil and gas represents a crucial segment in energy ecosystem, serving as a comprehensive process that transforms crude oil into valuable refined products and petrochemicals. The sector encompasses complex operations including refining, processing, distribution and value-added product development, playing a critical role in national economic infrastructure. The downstream market in Egypt involves intricate processes of converting crude oil into essential products such as gasoline, diesel, jet fuel, lubricants and petrochemical feedstocks. These operations require sophisticated technological infrastructure, extensive distribution networks and strategic facilities that connect production centers with domestic and international markets.

The Romania oil & gas upstream market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 1% during 2023–2031.The growth of the market is attributed to the rise in the consumption of natural gas.

Romania is Central and Eastern Europe's largest natural gas producer, with the majority of its output coming from onshore resources, and it is expected to dominate the market over the projection period. The market for oil and gas upstream in Romania has recently been driven by Romania's continuous oil and gas output. Romania is largely self-sufficient in natural gas, with imports averaging under 10-15% in recent years, and the country's Black Sea resources have the potential to transform it into a net exporter. In 2018, yearly consumption reached 10.9 megatonnes. As a result, in 2018, domestic production accounted for 33% of demand. Romania has a century of natural gas producing experience. New technology allows for unconventional drilling, which boosts oil and gas output. New business models and services are fast emergings, aiding in the reduction of upstream oil and gas operating costs, therefore encouraging market development.

Market Trends, Drivers, Restraints, and Opportunities

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  Expansion of Romania's oil and gas upstream sector are contemporary advances in oil and gas exploration and production operations.

  
  


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  Fluctuating oil prices and government regulations are likely to stifle market expansion.

  
  

The Egyptian crude oil market rose slightly to $16.9B in 2024, picking up by 2.6% against the previous year. Over the period under review, consumption recorded a pronounced downturn. Over the period under review, the market hit record highs at $21.5B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.