Market Size of Egypt Oil And Gas Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.48 Billion |
| Market Size (2029) | USD 8.68 Billion |
| CAGR (2024 - 2029) | 3.01 % |
| Market Concentration | Medium |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Egypt Oil And Gas Market Analysis
The Egypt Oil And Gas Market size is estimated at USD 7.48 billion in 2024, and is expected to reach USD 8.68 billion by 2029, growing at a CAGR of 3.01% during the forecast period (2024-2029).
- Over the medium term, the market witnessed robust growth primarily due to the country's favorable government policies and high production rate, and international companies are also planning to invest in the country, which is expected to drive the market.
- On the other hand, global inclination toward renewable fuels may also adversely affect the oil and gas demand in national and international markets, as the country exports most of its petroleum.
- Nevertheless, the oil and gas industry has made 52 discoveries, including 39 crude oil discoveries and 13 gas discoveries, in the Western Desert, the Gulf of Suez, the Mediterranean, Sinai, and the Eastern Desert. The discoveries made are expected to boost oil and gas production in the country and create ample business opportunities for the companies operating in the country's oil and gas sector.
