Egypt's Crude Oil Output Hits Two-Year High as Refining Exports Surge

Egypt's crude oil production has reached its highest level in nearly two years, driven by the Ministry of Petroleum and Mineral Resources' strategy to stimulate investment and boost domestic output.

Petroleum and Mineral Resources Minister Karim Badawi said the settlement of outstanding dues to international partners had encouraged fresh investments and accelerated exploration, development, and production activities.

The increased crude oil and condensate output, combined with higher supplies of domestic and imported crude to Egypt's refineries, has driven a significant expansion in the country's refining sector this year.

Refinery utilisation rates have risen to around 80% in 2026, helping meet domestic demand for petroleum products, reduce imports, and expand exports of products in which Egypt has a surplus.