Egypt possesses 2.4 billion barrels of oil and condensate reserves as of October 2017, a senior official at the Egyptian General Petroleum Corporation (EGPC) told Egypt Oil & Gas.
In 2016, Egypt’s official reserves stood at 3.57 billion barrels oil and condensates.
In fiscal year (FY) 2015/2016, Egypt had 665 million barrels of oil reserves in the Western Desert.
In June, Egypt production and consumption of crude oil, condensates, and butane fell.
Egypt consumed 3.02 million tons of crude oil, condensates, and butane, down 13.5% from the 3.49 million tons consumed in June 2016. Production fell at a more modest rate. In June, Egypt produced 2.7 million tons of crude oil, condensates, and butane, down 4.3% from the 2.82 million tons it produced in June 2016, according to the statistics of the Central Agency for Public Mobilization and Statistics (CAPMAS).