Egypt Crude Oil Production Hits Highest Level in Nearly Two Years

Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, announced that the country's crude oil production has reached its highest level in nearly two years. The increase is a result of various refinery projects, including the modernization of Cairo Oil Refining Company (CORC) in Mostorod.

The company now produces 45,000 more tonnes of gasoline and 40,000 more tonnes of jet fuel per month. Additionally, Alexandria National Refining and Petrochemicals Company (ANRPC) is running at over 110% of its design capacity, while Amreya Petroleum Refining Company (APRC) has boosted 92-octane gasoline output by 10,000-15,000 tonnes monthly.

The Egyptian government is moving forward with $4.5 billion in refinery projects to boost energy security, cut import costs, and sharpen Egypt's export edge. The modernization of CORC, which cost EGP 150 million, has already saved the company EGP 30 million annually by cutting gas use, extending equipment life, and lowering emissions.

In the first half of 2026, Egypt's petroleum product exports topped 2.3 million tonnes, with sales of jet fuel, naphtha, waxes, and vacuum distillates bringing in about $2.3 billion. Badawi predicts that exports should reach 2.5 million tonnes in the second half of 2026.

The increase in production is a positive sign for Egypt's economy, which relies heavily on the energy sector.