Egypt tripled its oil imports
Egypt increased crude oil imports to about $2.2 billion in the first half of this year, compared with almost $606 million in the first half of 2025, due to a sharp rise in global oil prices following the closure of the Strait of Hormuz.
On the contrary, the volume of imports of refined products in Egypt decreased during this period, as the volume of production at refineries increased.
Egypt's domestic hydrocarbon consumption continues to outpace production, and imports of liquefied natural gas (LNG) have also increased, from $3.5 billion in 2025 to $6 billion in 2026.
AGBI
