Egypt Oil and Gas Market Introduction and Overview
According to SPER Market Research, the Egypt Oil and Gas Market is estimated to reach USD XX billion by 2033 with a CAGR of 8.23%.
The report includes an in-depth analysis of the Egypt Oil and Gas Market, including market size and trends, product mix, Plantations, and supplier analysis. The primary fuel source for the entire global economy and a sizeable percentage of the energy sector are oil and natural gas. The unpredictable and volatile upstream market, the various operating restrictions in the midstream market, and the concentration of operations in the downstream market are what set the oil and gas business apart. But there are plenty of chances in the market, especially in the sustainability area.
- January 2023: For a three-well project offshore of Egypt, Stena Drilling stated that it had renewed its agreement with BG Delta Limited and BG International Limited, Shell subsidiaries. The start of Stena Forth's operations in Egypt is anticipated for 2023, subject to the fulfilment of ongoing contractual obligations.
- January 2023: For two offshore blocks, Masry and Cairo, off the coast of Egypt, ExxonMobil obtained exploration rights. These blocks are situated in the outer Nile Delta and span an area of more than 11,000 square kilometres.
Market Opportunities and Challenges
Egypt has a lot of energy resources, including both conventional fossil fuels and renewable energy sources. More than fifty international oil firms (IOCs) are currently active in Egypt thanks to the government's encouragement of their involvement in the country's oil and gas industry. Due to Egypt's free investment rules and the vast number of oil and gas fields in the nation, rising private sector investment in the oil and gas sector has proven to be the most effective development driver for the Egyptian petroleum industry.
However, the Egyptian government has been enacting regulations since the 1990s with the goal of luring foreign, regional, and domestic investment. These laws aim to deal with the rules and procedures that restricted production and promoted inward investment. The long history of EGPC payment delays is one of the issues that continue to hinder foreign investors in Egypt's oil and gas sector. To entice more foreign partners to invest in exploration and development activities, the government has made an attempt to pay up the remaining backlog of arrears owed to IOCs, although payments are still not being made on time.
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Apache Corporation, BP PLC, Egyptian General Petroleum Corporation, Energean plc, EniSpA, ExxonMobil Corporation, INA-INDUSTRIJA NAFTE DD, IPR Energy Group, Shell PLC, Total Energies SE, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Sector
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| Regions covered | The Eastern Egypt, The Nile valley and delta, The Sinai Peninsula, The Western Egypt
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| Companies Covered | Apache Corporation, BP PLC, Egyptian General Petroleum Corporation, Energean plc, EniSpA, ExxonMobil Corporation, INA-INDUSTRIJA NAFTE DD, IPR Energy Group, Shell PLC, Total Energies SE, Others
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COVID-19 Impact on Egypt Oil and Gas Market
The Covid-19 epidemic had a significant influence on the oil and gas business as oil demand decreased on both the domestic and global markets. The companies involved in refining were compelled to reduce their output as a result of the dramatic decline. The unexpected and extreme decrease in global oil demand and the significant decline in oil prices had an influence on the nation's oil export revenues and the success of oil and gas firms. Supply chain delays, travel restrictions, and lockdowns also caused a delay in project implementation and exploration efforts.
Key Target Audience
- Energy and Petrochemical Corporations
- Energy Consultants and Advisors
- Energy Consumers
- Environmental and Conservation Organizations
- Oil and Gas Companies
- Safety and Health Authorities
- Technology and Innovation Centers
- Others
Our in-depth analysis of the Egypt Oil and Gas Market includes the following segments:
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By Sector:
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Downstream
Midstream
Upstream
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Key Topics Covered in the Report
- Egypt Oil and Gas Market Size (FY’2023-FY’2033)
- Overview of Egypt Oil and Gas Market
- Segmentation of Egypt Oil and Gas Market By Sector (Downstream, Midstream, Upstream)
- Statistical Snap of Egypt Oil and Gas Market
- Expansion Analysis of Egypt Oil and Gas Market
- Problems and Obstacles in Egypt Oil and Gas Market
- Competitive Landscape in the Egypt Oil and Gas Market
- Impact of COVID-19 and Demonetization on Egypt Oil and Gas Market
- Details on Current Investment in Egypt Oil and Gas Market
- Competitive Analysis of Egypt Oil and Gas Market
- Prominent Players in the Egypt Oil and Gas Market
- SWOT Analysis of Egypt Oil and Gas Market
- Egypt Oil and Gas Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Egypt Oil and Gas Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Egypt Oil and Gas Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Egypt Oil and Gas Market
7. Egypt Oil and Gas Market, By Sector (USD Million)
7.1. Egypt Oil and Gas Market Value Share and Forecast, By Sector, 2023-2033
7.2. Downstream
7.3. Midstream
7.4. Upstream
8. Egypt Oil and Gas Market Forecast, 2019-2033 (USD Million)
8.1. Egypt Oil and Gas Market Size and Market Share
9. Egypt Oil and Gas Market, By Sector, 2019-2033 (USD Million)
9.1. Egypt Oil and Gas Market Size and Market Share By Sector (2019-2026)
9.2. Egypt Oil and Gas Market Size and Market Share By Sector (2027-2033)
10. Egypt Oil and Gas Market, By Region, 2019-2033 (USD Million)
10.1. Egypt Oil and Gas Market Size and Market Share By Region (2019-2026)
10.2. Egypt Oil and Gas Market Size and Market Share By Region (2027-2033)
10.3. The Eastern Egypt
10.4. The Nile valley and delta
10.5. The Sinai Peninsula
10.6. The Western Egypt
11. Company Profile
11.1. Apache Corporation
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. BP PLC
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Egyptian General Petroleum Corporation
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Energean plc
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. EniSpA
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. ExxonMobil Corporation
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. INA-INDUSTRIJA NAFTE DD
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. IPR Energy Group
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Shell PLC
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Total Energies SE
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
