Market Share of Egypt Oil And Gas Industry
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.
Egypt Oil And Gas Market Leaders
Eni SpA
BP PLC
Shell PLC
Total Energies SE
ExxonMobil Corporation
*Disclaimer: Major Players sorted in no particular order
