RIYADH: Egypt exported more than 2.3 million tonnes of petroleum products worth about $2.3 billion in the first half of 2026, matching its total export volume for all of last year, official data showed.
The Petroleum and Mineral Resources Ministry said exports of products including jet fuel, naphtha, waxes and vacuum distillate reached last year’s full-year volume in just six months. It expects exports to rise to 2.5 million tonnes in the second half of the year.
The figures reflect Egypt’s push to expand downstream capacity as the country seeks to boost foreign-currency revenues and improve energy security. While domestic crude production has faced pressure in recent years, Cairo has accelerated refinery upgrades and introduced measures to encourage upstream investment, with officials aiming to reduce reliance on imported fuels while exporting higher-value refined products.
In a statement, Petroleum and Mineral Resources Minister Karim Badawi said: “Egypt’s crude oil production recorded its highest level in about two years.”
The ministry added: “This reflects the success of the ministry’s strategy to stimulate investment and increase local production through settling the dues of investment partners, which encouraged them to inject new investments and intensify search, exploration, development and production activities.”
