THE FUTURE OF EGYPT’S DOWNSTREAM INDUSTRY
Egypt is currently the largest oil producer in Africa outside of OPEC and the second largest natural gas producer after Algeria. Egypt, having already taken on a major role in international energy markets is now seeking to get its downstream industry back on track.
Egypt has great potential when it comes to refining and petrochemicals. It is an important transit route, offering great potential to become a hub for petroleum products. Nonetheless, since the Arab spring uprising of 2011 that saw the overthrowing of President Hosni Mubarak, great tolls have been taken on the domestic oil, gas and petrochemical industries.