Egyptian Oil And Gas Industry

744 Words Nov 11th, 2015 3 Pages
The Egyptian oil and gas industry supplies vitality and key chemicals for homes, commercial enterprises, and transport, and subsequently assumes a key part in the Egyptian economy. It gives around 87% of Egypt 's essential vitality and records for around 35% of Egypt 's fare incomes (EIA, 2013). By the by, the amalgamation of considerable increment in local utilization of vitality, wasteful government appropriations on petroleum items, colossal spending plan deficiency, omnipresent assaults on gas pipelines and consistent political agitation, implies that Egypt oil and gas industry is confronting overflowing difficulties which will be felt for quite a long time to come. Egypt is the 63rd biggest send out economy on the planet and the 68th most complex economy as per the Economic Complexity Index (ECI). In 2013, Egypt sent out $36.4B and imported $69.5B, bringing about a negative exchange equalization of $33.1B. In 2013 the GDP of Egypt was $271B and its GDP per capita was $3.31k. Amid the most recent five years the fares of Egypt have expanded at an annualized rate of 0.3%, from $35.9B in 2008 to $36.4B in 2013. The latest fares are driven by Crude Petroleum which speak to 18.4% of the aggregate fares of Egypt, trailed by Petroleum Gas, which represent 6.42%. The top fares of Egypt are Crude Petroleum ($6.69B), Petroleum Gas ($2.34B), Refined Petroleum ($2.3B), Insulated Wire ($1.08B) and Nitrogenous Fertilizers ($1.05B), utilizing the 1992 correction of the HS (Harmonized…

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