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According to the latest report by IMARC Group, titled “Egypt Oil and Gas Market Report by Type (Upstream, Midstream, Downstream), Application (Offshore, Onshore), and Region 2024-2032,” the report presents a thorough review featuring the Egypt Oil and Gas Market growth, share, trends, and research of the industry.
The Egypt oil and gas market size reached USD 12.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 19.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.60% during 2024-2032.
The strategic initiatives by government authorities to boost domestic production as well as reduce energy imports are the factors responsible for the growth of the Egypt oil and gas market. Additionally, the market is propelling as major projects in the country, such as the Zohr gas field and other discoveries in the Mediterranean, have significantly expanded natural gas output, positioning the country as a key player in the region.
Besides this, the plans by government authorities to become a regional energy hub, through infrastructure development and international partnerships, are further driving growth. Moreover, an increasing energy demand, driven by population growth and industrial expansion, is also encouraging investment in oil and gas exploration, and production, with refining capacity.
A key trend in the Egypt oil and gas market is the shift towards natural gas as a cleaner energy source. In addition to this, Egypt is leveraging its substantial natural gas reserves to reduce its carbon footprint and transition towards sustainable energy solutions with a global focus on sustainability. The country is also focusing on enhancing its liquefied natural gas (LNG) export capacity, benefiting from its strategic location between Europe, Asia, and Africa.
Furthermore, advancements in technology, such as the use of enhanced oil recovery (EOR) techniques and digitalization in operations, are improving efficiency in exploration and production, thereby escalating the market. These developments, coupled with reforms by government authorities to attract foreign investment, are anticipated to drive sustained growth in Egypt oil and gas market over the forecasted period.
Egypt Oil and Gas Market Report Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on type and application.
Breakup by Type:
Upstream
Midstream
Downstream
Breakup by Application:
Offshore
Onshore
Breakup by Region:
Greater Cairo
Alexandria
Suez Canal
Delta
Others
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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