Egypt aims to boost oil and gas output with $4.5bn investment
Egypt is planning to increase oil and gas production, attract new investment, and reduce petroleum imports as part of its 2026/2027 economic and social development strategy.
The government plans to invest $4.5bn in refinery development to boost domestic production and reduce reliance on imported petroleum.
The plan also includes receiving natural gas from Cyprus and re-exporting it to global markets, which would enhance Egypt’s role as a regional energy hub.
The petroleum sector saw growth return in the third quarter of the 2025/2026 fiscal year, with a 0.7% increase in June 2026.