Market Size of Egypt Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Egypt Oil & Gas Downstream Market Analysis
Egypt's oil and gas downstream market is expected to record a CAGR of more than 5% during the forecast period.
The Egyptian oil and gas downstream market was negatively affected by COVID-19 due to the oil price crash and a decrease in the demand for refined petroleum products. However, the market rebounded in 2021.
- Over the medium term, factors such as supportive government policies and efforts to grow the downstream sector, coupled with upcoming projects, are expected to drive the market studied.
- On the other hand, the high capital investment and a lack of financing from international oil and gas companies are expected to hinder the growth of the market in the coming years.
- However, favorable investment policies by private players in the sector are expected to provide a significant opportunity for the market players.
Egypt Oil & Gas Downstream Industry Segmentation
Downstream operations are oil and gas processes that occur after the production phase to the point of sale. They are the final step in the entire process of extracting the oil and gas from the ground and delivering them to the end user.
The Egyptian oil and gas downstream market is segmented by type into refineries and petrochemical plants. The market sizing and forecasts have been done based on refining capacity (thousand barrels per day).
| Refineries | |
| Market Overview | |
| Key Project Information |
| Petrochemical Pants | |
| Market Overview | |
| Key Project Information |
Egypt Oil and Gas Downstream Market Size Summary
The Egyptian oil and gas downstream market is poised for growth, driven by supportive government policies and strategic initiatives aimed at expanding the sector. Despite the initial setbacks caused by the COVID-19 pandemic, the market has shown resilience and is expected to continue its upward trajectory. The refinery sector has been a dominant force in the market, with the government focusing on enhancing refinery infrastructure through new developments and upgrades. This strategic focus is anticipated to bolster the downstream industry, positioning Egypt as a regional energy hub. However, challenges such as high capital investment requirements and limited financing from international oil and gas companies could impede growth. Nonetheless, favorable investment policies from private sector players present significant opportunities for market expansion.
Egypt's oil and gas consumption has been on the rise, driven by a growing population and expanding industrial and commercial sectors. While oil consumption has seen slight stagnation, gas consumption has experienced substantial growth, with expectations of continued demand increase. The country's strategic agreements, such as the energy memorandum of understanding with the European Energy Commission, have further solidified its role as a regional energy hub. Key players in the market, including the Egyptian General Petroleum Company and international giants like Shell and ExxonMobil, are actively involved in driving the sector forward. Recent developments, such as the construction of a significant petrochemicals complex and ongoing refinery projects, underscore the market's potential for growth and modernization.
Egypt Oil and Gas Downstream Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Refining Capacity and Forecast in thousand barrels per day, till 2027
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 PESTLE Analysis
-
-
2. MARKET SEGMENTATION BY TYPE
-
2.1 Refineries
-
2.1.1 Market Overview
-
2.1.2 Key Project Information
-
-
2.2 Petrochemical Pants
-
2.2.1 Market Overview
-
2.2.2 Key Project Information
-
-
Egypt Oil and Gas Downstream Market Size FAQs
What is the current Egypt Oil and Gas Downstream Market size?
The Egypt Oil and Gas Downstream Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Egypt Oil and Gas Downstream Market?
Egyptian General Petroleum Company, ExxonMobil Corporation, Egyptian Petrochemicals Holding Company, TotalEnergies SE and Shell plc are the major companies operating in the Egypt Oil and Gas Downstream Market.
