Cairo: Egypt's crude oil production has reached its highest level in nearly two years, according to Karim Badawi, Egyptian Minister of Petroleum and Mineral Resources (MoPMR). In the first half of 2026, Egypt's petroleum product exports reached a total of 2.3 million tonnes, matching the total exports for the entire year of 2025. This impressive performance in the petroleum sector is bolstered by sales of jet fuel, naphtha, waxes, and vacuum distillates, which have collectively generated approximately $2.3 billion in revenue.
According to Emirates News Agency, Badawi also projected that exports are expected to rise to 2.5 million tonnes in the second half of 2026. This anticipated increase is supported by the enhanced production capacities at key refining facilities across the country. The Cairo Oil Refining Company (CORC) in Mostorod has increased its monthly production by 45,000 tonnes of gasoline and 40,000 tonnes of jet fuel. Additionally, the Alexandria National Refining and Petrochemicals Company (ANRPC) is operating at over 110% of its design capacity, while the Amreya Petroleum Refining Company (APRC) has boosted its 92-octane gasoline output by 10,000 to 15,000 tonnes per month. The Middle East Oil Refinery (MIDOR) and the Alexandria Petroleum Company (APC) have also reported increased operating rates, contributing to the overall growth in production.
MoPMR is driving forward with $4.5 billion in refinery projects aimed at enhancing energy security, reducing import costs, and strengthening Egypt's competitive position in the global export market. This modernization initiative, which has cost EGP 150 million, is expected to yield significant savings of EGP 30 million annually. The project also aims to reduce gas consumption, extend the lifespan of equipment, and lower emissions, aligning with broader environmental and economic goals.
