Spotlight on Egypt

Spotlight on Egypt

Egypt is the largest oil producer in Africa that is not a member of the Organization of the Petroleum Exporting Countries (OPEC), and the second largest natural gas producer on the continent, following Algeria. The country plays a vital role in international energy markets through the operation of the Suez Canal and Suez-Mediterranean (SUMED) Pipeline. The Suez Canal is an important transit route for oil and liquefied natural gas (LNG) shipments traveling northbound from the Persian Gulf to Europe and North America and southbound shipments from North Africa and countries along the Mediterranean Sea to Asia.
In 2012, about 2.97 million bbl/d of total oil (crude oil and refined products) transited the Suez Canal in both directions, the highest amount ever shipped through the Canal.
For more information on Egypt’s energy sector, visit www.eia.gov/countrie
Oil and Gas Press

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