Reports | Research & Analysis
Tuesday, 6th October 2020
Egypt has reclaimed its position as the hydrocarbons regional hub, especially when it comes to natural gas. In fact, the country has converted from being a natural gas net importer to being a net exporter in 2018. This phenomenon happened as a result of the major natural gas discoveries that increased natural gas production levels. The major developments in natural gas production were combined with the exceptional infrastructure that paved the country’s path to become a regional natural gas hub. Egypt has one of the largest liquified natural gas (LNG) infrastructures in the region, which include two liquefaction plants located in Idku and Damietta.
Monday, 7th September 2020
The Gulf of Suez and its surrounding areas are among the oldest known hydrocarbon provinces in the world in which crude oil was first discovered in 1868, according to Hamdy El Banby’s book entitled “The Egyptian Crude Oil: Past Experience and Future Insights”. The Gulf of Suez, along with the Eastern Desert and Sinai, are among Egypt’s main crude oil producing areas. The Gulf of Suez, the Eastern Desert, and Sinai produced a total of 87.7 million barrels (mmbbl) and 87.16 mmbbl of crude oil in the Fiscal Years (FYs) 2018/19 and 2019/20 respectively, according to the Egyptian General Petroleum Corporation (EGPC) data.
Monday, 10th August 2020
Downstream activities in the petroleum sector are essential for securing and meeting the domestic demand of natural gas. With this regard, the Egyptian Natural Gas Holding Company (EGAS) started natural gas connection activities in 1981. The activities target connecting natural gas to the consuming sectors, represented in industrial, commercial, and residential sectors, to replace butane with natural gas.
Thursday, 9th July 2020
BY AMINA HUSSEIN, REHAM GAMAL, AND TASNEEM MADI
Transporting hydrocarbon products, from fields to refineries to end users, plays a vital role in facilitating both upstream and downstream activities. Globally, there are various means of transporting petroleum products including Railway tanks, pipelines, coastal tankers, and trucks. Likewise, Egypt depends on a variety of means and channels to transport petroleum products on both domestic and international levels.
Thursday, 11th June 2020
The spread of the COVID-19 pandemic crippled global oil demand and led many petroleum companies to suffer significant losses. Accordingly, they were forced to slash spending and cancel projects. As per a press release by Rystad Energy published in April, before the outbreak, the expected total revenues of exploration and production (E&P) companies were $2.35 trillion in 2020 and $2.52 trillion in 2021. Post the outbreak, the revenues are expected to fall to $1.47 trillion in 2020, and to $1.79 trillion in 2021. Consequently, the companies cut their spending by an average of 20% in early 2020. The spending is expected to further fall by 25%, from $530 billion in 2019 to $410 billion in 2020, with most of the projects being delayed.
Thursday, 7th May 2020
The international petroleum industry has been facing major threats since the global spread of the COVID-19 outbreak in January. Brent crude price has been falling, reversing the increase in prices achieved in the last four months of 2019. On March 18, Brent crude oil and Organization of Petroleum Exporting Countries (OPEC) Basket prices hit their lowest value since the first Gulf war in 1991, as they remarkably declined to about $20 per barrel, according to Bloomberg. Meanwhile, on April 20, West Texas Intermediate (WTI) oil prices witnessed an unprecedented decline of about 300%, to reach below $0 per barrel.
Monday, 6th April 2020
Egypt is quite rich with mineral resources as it has reserves of 48 million tons (mmt) of tantalite, which is the fourth largest reserves in the world, in addition to 35 mmt of coal, according to the Australian Trade and the Investment Commission. Such resources support various industrial activities. Most of the mineral resources are found in the Eastern Desert, Sinai, and the Red Sea, according to the Egyptian Mineral Resources Authority (EMRA).
Wednesday, 4th March 2020
The Western Desert is enriched by the potential it has for oil and gas exploration as it is the main crude oil producer among other Egyptian regions. This can be demonstrated in the presence of crude oil in large quantities and high production rates in the deep layers of the oil concession areas in the region. The region’s production represented 37% and 32.4% of Egypt's total production in Fiscal Years (FYs) 2017/18 and 2018/19, respectively, according to the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) data.
Tuesday, 25th February 2020
bringing together and analyzing a wide range of data into one document. It features comparative analysis of IMF data and figures published by the Egyptian government, demonstrating the differing visions of Egypt’s economic trajectory. By connecting these pieces, Egypt Oil & Gas R&A sheds light onto the changes witnessed by the sector over the past two years. This will enable investors and industry stakeholders to make more informed decisions.comparative analysis of IMF data and figures published by the Egyptian government, demonstrating the differing visions of Egypt’s economic trajectory. By connecting these pieces, Egypt Oil & Gas R&A sheds light onto the changes witnessed by the sector over the past two years. This will enable investors and industry stakeholders to make more informed decisions.
Monday, 17th February 2020
The Nile Delta is one of the oldest petroleum production areas. The region witnessed the first natural gas discovery in 1967, the Abu Madi field. Since then and until the end of Fiscal Year (FY) 2018/19, the region has achieved 173 discoveries in addition to drilling 387 wells with a success rate of 45%. In FY 2018/19, the region’s petroleum production recorded about 89.5 million barrels (mmbbl), representing 16% of Egypt’s total petroleum production. The Nile Delta went through notable changes and updates during FYs 2017/18 and 2018/19 covering different aspects, such as bid rounds, agreements, and production rates.