Egypt's Fuel Imports Exceed USD 10 Billion in Six Months

Egypt imported approximately USD 6.4 billion worth of fuel during the first half of 2024, up from USD 6.1 billion during the same period the previous year. Of that total, around USD 3.6 billion was allocated to petroleum products, with the remainder covering crude oil, diesel, natural gas, and related imports.

Fuel imports - including diesel and liquefied petroleum gas - accounted for an estimated 20% to 25% of domestic energy consumption in 2025. The uptick is largely attributed to rising demand from electricity generation and industrial operations. To address the growing reliance on imports, Egypt has been sourcing fuel from Gulf countries with surplus production and leveraging deferred payment agreements.

Government plans are underway to reduce the share of imported fuel in total consumption starting in 2025, focusing on boosting domestic output and increasing crude oil and natural gas production through accelerated field development.