How big is the Egypt Oil And Gas Market?

The Egypt Oil And Gas Market size is expected to reach USD 7.48 billion in 2024 and grow at a CAGR of 3.01% to reach USD 8.68 billion by 2029. Read More

What is the current Egypt Oil And Gas Market size?

In 2024, the Egypt Oil And Gas Market size is expected to reach USD 7.48 billion. Read More

Who are the key players in Egypt Oil And Gas Market?

Eni SpA, BP PLC, Shell PLC, Total Energies SE and ExxonMobil Corporation are the major companies operating in the Egypt Oil And Gas Market. Read More

What years does this Egypt Oil And Gas Market cover, and what was the market size in 2023?

In 2023, the Egypt Oil And Gas Market size was estimated at USD 7.25 billion. The report covers the Egypt Oil And Gas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Oil And Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Egypt Oil And Gas Market Size & Share Analysis - Industry Research Report

Egypt Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Egypt Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream). The Report Offers the Market Size and Demand Forecast in Oil Consumption and Refined Capacity (thousands of Barrels Per Day), Gas Consumption (billion Cubic Feet Per Day) and CAPEX (USD) for all the Above Segments.

Egypt Oil And Gas Industry Overview

The Egyptian oil and gas market is characterized by semi-consolidation, with key players such as BP PLC, Shell PLC, Total Energies SE, Eni SpA, and ExxonMobil Corporation playing significant roles. BP Plc, in particular, actively contributes to the natural gas supply in Egypt. Through strategic partnerships with entities like the Egyptian Natural Gas Holding Company (EGAS), Egyptian General Petroleum Products (EGPC), International Egyptian Oil Company (IEOC) – ENI, the Pharaonic Petroleum Company (PhPC), and collaboration with Belayim Petroleum Company (Petrobel), BP Egypt now stands as a major contributor, responsible for over 60% of Egypt's total gas supply.

In its pursuit of growth, BP Plc is set to accelerate its efforts in hydrocarbon exploration and development activities. The company leverages advanced technology and substantial investments in the Research and Development (R&D) sector to achieve this goal. According to the company's Annual Report for 2022, BP invested approximately USD 274 million in R&D activities during that year, underscoring its commitment to innovation and technological advancements in the oil and gas sector.