Egypt’s petroleum exports reach two-year high at 2.3 m tonnes

July 25, 2026 / 9:32 PM

Sharjah 24 – WAM: Egypt’s petroleum product exports reached a two-year high of 2.3 million tonnes in the first half of 2026, generating around $2.3 billion from sales of jet fuel, naphtha, waxes and vacuum distillates, according to Petroleum Minister Karim Badawi.

Badawi said exports are expected to rise to 2.5 million tonnes in the second half of the year, matching the total volume achieved in 2025. He also noted that Egypt’s crude oil production has reached its highest level in nearly two years.

Refinery expansion and import reduction

Several refineries have expanded output, including Cairo Oil Refining Company, Alexandria National Refining and Petrochemicals Company, and Amreya Petroleum Refining Company, as part of efforts to strengthen energy security and reduce imports.

Strategic investments and infrastructure growth

Egypt is also advancing $4.5 billion in refinery projects aimed at boosting production capacity, improving efficiency and enhancing the country’s position as an energy exporter.