Overview

(Exchange rate used: 1 USD = LE 5.75.  Values are in millions of U.S. Dollars.  Figures listed are unofficial estimates)

The oil and gas sector is believed to be the largest foreign currency generator in Egypt.   The sector has created a sizable market for oil and gas field machinery and services, estimated above $1.5 billion. The Egyptian authorities are facilitating the presence of international joint venture companies for oil and gas exploration and production.

During the last five years, Egypt was able to identify more than 150 oil and gas discoveries across the country (both on and off shore), attracting major international oil and gas companies to the local market. With steadily rising domestic consumption, numerous opportunities exist in the local market for exploration, production and services.

Best Products/Services

• Hi-tech Test and Measuring Equipment
• Liquefied National Gas (LNG) Related Technology
• < Compressed Natural Gas (CNG) Technology and Peripherals
• Natural Gas Vehicles (NGV) Technology and Peripherals
• Tubes and Tubing Accessories

Opportunities

• Natural Gas Liquefied (NGL) project.
• Delayed Cocker project
• Gas to Liquid (GTL) projects
• Liquefying and Exportation of Natural Gas (LNG) project

Resources

Commercial Service in Egypt: http://www.buyusa.gov/egypt/en/
U.S. Embassy: http://usembassy.egnet.net
USAID: http://www.usaid-eg.org/
World Bank: http://www.worldbank.org/
American Chamber of Commerce in Egypt: http://www.amcham.org.eg
Egyptian Government Web Portal: http://www.egypt.gov.eg/english/
The Egyptian Ministry of Petroleum: http://www.emp.gov.eg/
The Egyptian General Petroleum Corporation (EGPC): http://www.egpc.com.eg/

Contact for the Commercial Specialist in charge of the Oil and Gas Sector: Essam Tabarak, essam.tabarak@N0SPAM.mail.doc.gov