In 2007, Egypt produced 664,000 barrels of oil per day (bbl/d) continuing its fall from a high of 950,000 bbl/d in 1995. Yet having consumed 653,000 b/d in 2007, production was sufficient to prevent Egypt from becoming a net importer of oil as some had predicted. Production and consumption of natural gas continue to rise with a total of 1.9 trillion cubic feet (Tcf) produced and 1.3 Tcf consumed in 2006, making Egypt a net gas exporter.
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