Petroleum Minister: Egypt’s crude oil production reaches highest level in two years
Operating rates rose to 80%, meeting local needs, curbing imports, and expanding surplus exports. The ministry is advancing $4.5 billion in refinery development projects to bolster energy security and lower import costs. Badawi inspected Alexandria Petroleum’s lube oil complex revamp, emphasizing safety while reviewing a LE150 million project by Reham Alfa’s team that restored two 45-year-old boilers.
- ▪Operating rates rose to 80%, meeting local needs, curbing imports, and expanding surplus exports.
- ▪The ministry is advancing $4.5 billion in refinery development projects to bolster energy security and lower import costs.
- ▪Badawi inspected Alexandria Petroleum’s lube oil complex revamp, emphasizing safety while reviewing a LE150 million project by Reham Alfa’s team that restored two 45-year-old boilers.
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Facebook X LinkedIn Petroleum Minister Karim Badawi announced Saturday, July 25, 2026, that Egypt’s crude oil production hit its highest level in nearly two years, driven by settling partner dues to boost local output. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1652956513490-0'); }); Inspecting Alexandria Petroleum Company refinery projects, Badawi explained that increased production and refinery supply fueled a 2026 refining boom. Operating rates rose to 80%, meeting local needs, curbing imports, and expanding surplus exports. First-half 2026 petroleum exports exceeded 2.3 million tons worth $2.3 billion, matching 2025’s total, with second-half exports projected at 2.5 million tons.
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