RESEARCH & ANALYSIS
AN ECONOMIC OUTLOOK ON EGYPT’S OIL & GAS INDUSTRY PERFORMANCE BY AMINA HUSSEIN, REHAM GAMAL, AND TASNEEM MADI
PETROLEUM EXTRACTIONS GDP
Average Share of Oil & Gas Extractions in Petroleum Sector GDP*
1. PETROLEUM EXTRACTIONS GDP OVER FYS (2019/20-2020/21) GDP (EGP billion)
57%
*Includes Oil & Gas Extractions & Petroleum Refining
PETROLEUM EXTRACTIONS GDP AMONG OTHER SECTORS Total
Average
659
329
Ranking (out of 11)
Share in Total GDP
6
5.7%
th
PETROLEUM EXTRACTIONS GDP PER SECTOR (EGP billion) Public
2. NATURAL GAS EXTRACTIONS GDP OVER FYS (2019/20-2020/21)
Private
287
278
GDP (EGP billion)
326
Total
163
Average
48
46
NATURAL GAS EXTRACTIONS GDP BY SECTOR Crude Oil
Natural Gas
85% Total
Crude Oil
333
20 | EGYPT OIL & GAS NEWSPAPER
Natural Gas
326
Public
15%
Private
www.egyptoil-gas.com
NATURAL GAS AVERAGE SHARES IN GDP
Contribution in
PETROLEUM MERCHANDISE TRADE BALANCES ($ billion)
Share (%)
2019/20
2020/21
0.718 Oil & Gas Extractions GDP
49.5
Petroleum Sector GDP
28.3
Total GDP
2.8 0.091 -0.43
-0.761 3. CRUDE OIL EXTRACTIONS GDP OVER FYS (2019/20-2020/21)
0.561
0.335 0.1
-1.041
GDP (EGP billion) Crude Oil
333
167
Total
Oil Products
Oil Bunker & Jet Fuel
Natural Gas
Average PETROLEUM MERCHANDISE TRADE BALANCES RANKS IN FYS ( 2019/20-2020/21) (Out of 36 Products)
Crude Oil
CRUDE OIL EXTRACTIONS GDP AVERAGE SHARES
Contribution in
Oil Products
25th
Share (%)
15th
Oil & Gas Extractions GDP
51
Bunker & Jet Fuel
Petroleum Sector GDP
29
6th
Total GDP
3
Natural Gas
2nd
PETROLEUM MERCHANDIZE EXPORTS CRUDE OIL EXTRACTIONS GDP BY SECTOR
1. PETROLEUM EXPORTS
14%
TOTAL PETROLEUM EXPORTS ($ billion)
Private
86% Public
FY
Petroleum Exports
2019/20
8.48
2020/21
8.6
PETROLEUM TRADE BALANCE PETROLEUM TRADE DEFICIT ($ million)
Rate of Change
1.4%
Total
Average
17.08
8.54
421
30%
Rate of Improvement
98.4%
Total Petroleum Exports Share in Exports over FYs (2019/20-2020/21)
6.7 FY
2019/20
2020/21
JANUARY 2022 - ISSUE 181 | 21
RESEARCH & ANALYSIS
PETROLEUM EXPORTS RANKING AMONG PROCESSING DEGREE CATEGORIES OVER FYS (2019/20-2020/21) Category
Exports ($ billion)
Rank
Finished Goods
21.1
1st
Fuel, Mineral Oils & Products*
17.4
2nd
Semi-Finished
10.7
3rd
Raw Materials
5.9
4th
Undistributed
2.7
5th
* Fuel, mineral oils & products include crude oil & oil products
2. PETROLEUM EXPORTS BY PRODUCT PETROLEUM EXPORTS BREAKDOWN BY MERCHANDISE
12%
Natural Gas
48%
Oil Products
5%
Bunker & Jet Fuel
35%
Crude Oil
PETROLEUM MERCHANDISE EXPORTS PERFORMANCE OVER FYS (2019/20-2020/21) Crude Oil Total ($ billion)
Average ($ billion) Average Share in Total Merchandise Exports (%)
Oil Products
Bunker & Jet Fuel
Natural Gas
5.93
8.2
0.91
2.04
2.97
4.1
0.5
1.02
13
18
2
5
PETROLEUM EXPORTS RANKING AMONG MERCHANDISE EXPORTS OVER FYS (2019/20-2020/21) (Out of 27 Goods) Merchandise
Rank in FY 2020/21
1st
1st
Crude Oil
2nd
2nd
Natural Gas
9th
4th
Bunker & Jet Fuel
11th
19th
Petroleum Products
22 | EGYPT OIL & GAS NEWSPAPER
Rank in FY 2019/20