Country Analysis Brief on Egypt
The US Energy Information Administration has released an update of its Country report on Egypt. Timing of this publication is coincidental, but the report is no doubt useful at the moment to analysts.
It shows that hydrocarbons play a sizeable role in Egypt’s economy. Although Egypt’s crude oil production has declined in recent years, natural gas production has increased significantly allowing Egypt to remain a net energy exporter. The Suez Canal and SUMED Pipeline are strategic routes oil and LNG shipments, making Egypt an important transit corridor for world energy markets.
For the full report, click here.