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Oil and Gas

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Oil and Gas

Egypt possesses a key role in regional and global energy markets. This is most likely attributed to its geographical proximity and strategic location at the crossroad of international trade of oil and gas, in addition to the control of two major transit routes: the Suez Canal and the Suez-Mediterranean Pipeline (SUMED).

The oil and natural gas sector accounts Egypt's GDP for around 38.4% in first half of FY (2018/2019) compared with 77.3% in first half of FY (2017/2018).