Egypt's crude oil output hits two‑year high as petroleum exports top $2.3 bn

Egypt crude oil production petroleum exports $2.3bn refinery utilisation 80% refinery capacity expansion

Egypt’s crude oil production rose to its highest level in nearly two years during the first half of 2026, driven by settlement of partner dues and increased investment in upstream activities. Refinery utilisation climbed to about 80%, allowing the sector to meet domestic fuel demand, cut imports and expand exports.

Petroleum product shipments reached 2.3 million tonnes between January and June 2026, generating roughly $2.3 billion in revenue – the same total as Egypt’s 2025 full‑year export volume. Officials project first‑half‑2026 export volumes to grow to 2.5 million tonnes in the second half of the year.

Key refineries reported notable output gains: the Mostorod gasoline complex added roughly 45,000 tonnes of gasoline and 40,000 tonnes of jet fuel per month; the Alexandria National Refining and Petrochemicals Company operated at more than 110 % of design capacity; and Amreya Petroleum Refining increased monthly production of 92‑octane gasoline by 10,000‑15,000 tonnes. The ministry is advancing a $4.5 billion package of new refinery development projects and has secured stable natural‑gas supplies during the peak summer demand period.

Entities: Alexandria National Refining and Petrochemicals Company · Cairo Oil Refining Company (Mostorod) · Egypt · Karim Badawi · Ministry of Petroleum and Mineral Resources (Egypt)

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 3 SOURCES] Petroleum product exports from Egypt totalled 2.3 million tonnes worth about $2.3 billion between January and June 2026. (Export figures released by the Ministry of Petroleum and Mineral Resources.)
[● 2 SOURCES] Alexandria National Refining and Petrochemicals Company operated at more than 110% of its design capacity in 2026. (Ministry reports.)
[● 2 SOURCES] The Mostorod gasoline complex increased monthly gasoline output by roughly 45,000 tonnes and jet fuel by about 40,000 tonnes. (Data from the Ministry’s July 2026 briefing.)
[● 3 SOURCES] Refinery utilisation rates in Egypt rose to around 80% in 2026. (Ministry reports cited in multiple articles.)
[● 2 SOURCES] Egypt expects petroleum product exports to rise to 2.5 million tonnes in the second half of 2026. (Projections given by the Ministry.)
[● 2 SOURCES] Egypt is investing roughly $4.5 billion in new refinery development projects. (Ministry announcement of a development package.)
[○ 1 SOURCE] Egypt maintained uninterrupted natural‑gas supplies during the peak summer demand period of 2026. (Statement by Petroleum Minister Karim Badawi during inspection of GASCO facilities.)
[● 3 SOURCES] Egypt’s crude oil production reached its highest level in nearly two years during the first half of 2026. (Based on statements from Petroleum Minister Karim Badawi and ministry data in articles deef8969, 639c27e4, fc0518b0.)