Egypt's Oil & Gas Production Climbs After Four-Year Slump

Egypt’s oil and gas production is rising after a four-year decline, with natural gas output increasing by over 200 million cubic feet per day since August 2025, according to the Ministry of Petroleum and Mineral Resources. The ministry said this helped reduce the fuel import bill by USD 3.6 billion and settle USD 1 billion in arrears owed to international partners. Production had reached its lowest point in mid 2025, after which the sector entered what officials described as a gradual ascent. Crude oil production is expected to stabilise by the final quarter of fiscal year 2024/2025, after the government enacted policy changes, including new investment incentives and updated petroleum agreement models. International oil companies reported operational progress: Apache increased gas production from the Western Desert; BP raised output from the Raven field and made new Mediterranean discoveries; Eni resumed drilling at Zohr and reported additional reserves in the Western Desert through Agiba; and Shell connected six new wells at West Delta Deep Marine. New offshore Mediterranean blocks were awarded in the 2024/2025 licensing round. Gas production is expected to rise from 4.1 billion cubic feet per day to 6.6 billion cubic feet per day by 2027, according to Prime Minister Dr. Mostafa Madbouly. USD 1 billion has been paid to international companies and an additional USD 1.4 billion is planned before the end of the year. The Egyptian General Petroleum Corporation reports that total domestic consumption of petroleum products and natural gas stood at 83.6 million tons and was fully met, with domestic production exceeding 60 million tons. Refining operations processed about 25.3 million tons of crude in mid September.