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 |
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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.
