WHAT WILL EGYPS OFFER YOUR BUSINESS?
EXHIBITION: Meet face to face with over 500 exhibitors over three days and discover new projects, technologies, key products and services to help deliver growth within the MENA hydrocarbon sectors.
CONFERENCE: Gather the latest industry knowledge and learn from your peers through formal presentations, interactive panel sessions and roundtable discussions.
NETWORKING: Connect in an informal yet business focused environment with your oil and gas industry peers from NOCs, IOCs and service providers at the many networking opportunities.
THE OIL & GAS MARKET IN EGYPT
Egypt is the largest non-OPEC producer of crude oil and the second largest producer of natural gas in Africa, and serves as a major global transportation hub for crude from the Arab Gulf to Europe, Asia and the United States.
With an increasing population, Egypt is the largest oil and natural gas consumer in Africa.
Petroleum is one of the main revenue sources of the country’s economy and an important source of income for Egypt’s future growth plans.
Egypt holds over 4.4 billion barrels of proven oil reserves. In recent years there have been in excess of 86 discoveries with additional new discoveries anticipated over the coming years.
In 2015 ENI made a ‘world class supergiant’ gas discovery in the deep waters off the Mediterranean. The Zohr field is to date the largest gas discovery ever made in Egypt.
Renewed confidence in the Egyptian economy was reflected in investment deals worth more than $138 billion signed at the Sharm El Sheikh gathering in March 2015.
In 2015 BP signed a $12 billion agreement to invest in E&P projects in the Nile Delta and Gulf of Suez.
With feedstock demand challenges expected to be met by recent discoveries, it is anticipated that Egypt will invest over $14.5 billion into the downstream refining and petrochemical sector in the next five years.