Egypt has suffered from significant social and political unrest.  This resulted in a drop in oil and gas production levels at the same time as domestic energy consumption was rising.  Egypt was facing a serious energy crisis. The election of Abdel Fattah al-Sisi as president in June 2014 proved to be a turning point:

  • There has been a substantial reduction in the level of fuel subsidies.
  • Significant steps have been taken to repay debts owed to international oil and gas companies.
  • There is ongoing diversification of energy sources, with more renewable power projects and increasing imports of liquefied natural gas (LNG).

The future looks positive.  A number of agreements have recently been signed by international oil and gas companies and it seems Egypt is still a destination for international investment.

Read the full article in Oil & Gas Financial Journal.




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