ECONOMIC SNAPSHOT
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Eco
Economic Snapshot: Egypt’s Oil & Gas Sector Sectoral Breakdown of Egypt’s GDP in FY 2015/16 (EGP bn)
Figure 1
Figure 2
Oil & Gas Share in GDP during FY 2015/16 Sectoral Breakdown o
Figure 1
(EGP bn)
Agriculture, Forests & Fishing Manufacturing Industries
276.5
Construction & Building
136.7 470.0
Wholesale & Retail Trade
91.4
279.9
Real Estate
86.8
318.9
Crude Oil
Social Services Others
36.6
145.4
a) Crude Oil
456.3
279.9
Natural Gas
EGP 91.4 bn (3.4%)
b) Natural Gas
374.7
13.2
14 12 11.1 10
8.1
8 6 4
3
Source: Ministry of Planning.
Figure 4
Oil Sector Foreign Direct Investments (FDIs) %
Total FDI Net Inflow (USD bn) Petroleum Sector FDIs (USD bn) Oil Sector FDIs (% of Total FDIs)
5.4
4.1
6.8
6.4 3.6 2.2
2 0
2.1
-0.2
-2 -4
3.8 1
6.9
60% 40%
7.9
4.1
20% 0%
4
1.6
1.7
EGP bn
80%
50.6%
-20%
1.7
-40% -60% -80%
-1.8
-100%
214.8
145.4(4.3%) 456.3
Source: Ministry of Planning.
USD bn
Oil Refining
EGP 113.9 bn 318.9
EGP 86.8 bn (3.2%)
c) Other Extractions
Figure 3
136.7 470.0
General Government
214.8
374.7
276.5
80
Oil & Gas Investments %
Oil Refining Natural Gas Figure 3 Oil Sector Foreign Dir Crude Oil Oil & Gas Investments (% of Aggregate USD bnInvestments) 35%
Total FDI Net
70
13.2
60
14
50
12 11.1
30 20 10 -
36.6
32.6
40
32.5
54.3
30%Petroleum Se
10 25.5 31.6 8
25%Oil Sector FD
35.8
20% 18% 8.1 15%
6.8 10% 5.4 32.2 28.7 4.1 26.9 23.6 23.6 5% 3.6 4 3 12.2 8.1 10.7 16.4 7.2 0% 2.2 2 16.3
20.1
31.0
6
0
-0.2
-2 -4 Source: Ministry of Planning.
Source: Central Bank of Egypt.
Figure 5
Petroleum Imports & Exports (USD bn)
USD bn 16
14.5
14 12 10
10.1
8 6 4
Petroleum Imports
9.6
11.0
10.3
7.0 4.1
5.2
Figure 6
-1.8
Oil & Gas Sector Total Employment in 2017
Petroleum Exports
Figure 5
13.2 12.1 11.8 12.2 13.0 12.4 12.4 11.2 9.3
2.1
11.2
8.9 9.3 5.7
6.5
2 -
USD bn 16
Petroleum Imports &
Petroleum Import
14.5 14 12.1 1 • A total of around 183 thousand employees work in 12 80% Egypt’s Oil & Gas Sector; out of which work in oil 11.0 10.1 10.3 9.6 refining; whereas 20% work in extractive industries. 9.3 10 8 • This represents 1% of the total number of employees7.0 6 in Egypt. 4.1 4
Source: Central Bank of Egypt.
2
5.2
Source: CAPMAS.
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January 2018 - ISSUE 133
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