Egypt Oil and Gas Market Size, Growth, and Trends Forecast 2025-2033

Egypt Oil and Gas Market Overview

Market Size in 2024: USD 71.0 Million

Market Size in 2033: USD 104.3 Million

Market Growth Rate 2025-2033: 4.37%

According to IMARC Group’s latest research publication, “Egypt Oil and Gas Market Report by Fund Type (Buyout, Venture Capital (VCs), Real Estate, Infrastructure, and Others), and Country 2025-2033", the Egypt oil and gas market size reached USD 71.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 104.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.37% during 2025-2033.

How AI is Reshaping the Future of Egypt Oil and Gas Market

• AI-powered tools are transforming Egypt’s oil and gas sector by optimizing production processes, improving efficiency, and enhancing safety across upstream and downstream operations.
• Dragon Oil’s AI project in Egypt’s Morgan and Badri fields aims to boost productivity and extend field lifespan through advanced AI-driven operational insights.
• The Egyptian Ministry of Petroleum supports AI adoption with digital systems like Automatic Tank Gauging (ATG), connecting over 3,500 stations for better fuel monitoring.
• AI models help Egyptian companies discover untapped resources in mature fields, leading to new wells producing millions of cubic feet of gas and thousands of barrels of oil daily.
• Training over 50 engineers on AI technology reflects Egypt’s commitment to building local expertise and sustaining innovation within its oil and gas industry.

Grab a sample PDF of this report: https://www.imarcgroup.com/egypt-oil-gas-market/requestsample

Egypt Oil and Gas Market Trends & Drivers:

The Egypt oil and gas market is currently driven by the country's expanding domestic energy demand fueled by population growth and industrial development. This rising demand requires increased local production of oil and natural gas to satisfy electricity generation and industrial needs. The government has prioritized energy security through initiatives that support increased exploration and production activities. Strategic investments in developing new fields in the Western Desert, Gulf of Suez, and Mediterranean offshore areas are boosting supply, while infrastructure upgrades enhance transport and refining capabilities to better serve the local market needs.

Another major factor shaping the market is the government's active role in attracting foreign investment and fostering partnerships with international energy companies. Egypt's Ministry of Petroleum has launched licensing rounds and streamlined regulatory frameworks that have drawn global oil majors such as BP, Shell, and Eni to increase exploration and development projects. These collaborations bring advanced technologies for efficient drilling and reservoir management, which are vital for accessing deeper and unconventional reserves. The ongoing efforts to settle outstanding payments to foreign investors have further increased confidence and accelerated project implementation.

A significant emerging trend is Egypt's transition towards more sustainable and diversified energy practices alongside its oil and gas expansion. This includes initiatives to boost natural gas production as a cleaner fuel option, alongside the integration of renewable energy sources within the national energy mix. Projects to expand liquefied natural gas (LNG) infrastructure, such as increasing floating storage regasification unit capacity, support Egypt’s ambition to become a regional energy hub. Additionally, enhanced environmental regulations and new technologies are being adopted to reduce emissions and improve energy efficiency, aligning the sector with global sustainability goals while maintaining robust market growth.

We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging Egypt oil and gas market trends.

Egypt Oil and Gas Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Upstream
• Midstream
• Downstream

Application Insights:

• Offshore
• Onshore

Regional Insights: 

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Egypt Oil and Gas Market

• 2025: Egypt signed a landmark agreement with Israel's Leviathan natural gas field to import up to $35 billion worth of gas. The deal begins with 20 billion cubic meters in early 2026, with potential expansion to 110 billion more after infrastructure upgrades, marking a strategic pivot for Egypt as it addresses supply shortages and strengthens regional energy ties.

• July 2025: Egypt’s Ministry of Petroleum inked a partnership with oil giants Eni and BP for new exploration activities in the Mediterranean Sea. This move expands offshore development efforts, tapping into promising reserves to boost Egypt’s production capacity and reduce dependence on imports.

• June 2025: The Egyptian Natural Gas Holding Company (EGAS) announced plans to implement seven gas field development projects, placing 24 new wells into operation within the fiscal year. This ambitious drilling campaign aims to increase local supply, optimize existing resources, and reinforce Egypt’s position as a regional energy hub.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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