New Study: Egypt Oil & Gas Report Q2 2016
Recently published research from Business Monitor International, "Egypt Oil & Gas Report Q2 2016", is now available at Fast Market Research
[USPRwire, Fri Apr 15 2016] Pledged investment in upstream developments and LNG imports will be crucial to meeting gas demand over the next five years, while t he Zohr discovery could solve Egypt's gas challenges in the long term. Policy slippage with subsidy reform and payment schedules to oil and gas companies, pose the largest risk to slowing the positive momentum.
We highlight the following trends and developments in Egypt's oil and gas sector:
Eni successfully completed the first appraisal well on the Zohr field in March 2016, and is planning a further three wells in the appraisal programme.
Oil production grew marginally at 1% to 685,000b/d in 2015, though has been on a down trend since August 2015.
Gas production fell 9.3% in 2015 to 44.3bcm, though we expect a recovery in output in 2017.
BP brought forward the start date of the West Nile Delta project six months to early 2017.
Full Report Details at
Refined fuels demand increased 3%, despite subsidy reforms in 2014. Gasoline and diesel saw 10% and 14% growth y-o-y, respectively.
Fuel subsidies will only be reduced 30% by 2020, rather than fully normalised with global prices previously planned. This may support stronger long-term consumption.
Technip will be undertaking a modernisation programme at the Assuit refinery and a 60,000b/d expansion at the MIDOR refinery, with reported support from Italy.
The Egypt Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Egypt including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Egypt Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Egyptian oil and gas industry.
Benchmark BMI's independent oil and gas industry forecasts for Egypt to test consensus views - a key input for successful budgeting and strategic business planning in the Egyptian oil and gas market.
Target business opportunities and risks in the Egyptian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Egypt.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.
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