埃及石油天然气工业简介.pdf

‹ Countries Egypt Last Updated: July 31, 2013 (Notes) full report Overview While serving as a major transit point for oil and LNG from the Persian Gulf to Europe, Egypt is the largest non-OPEC oil producer in Africa and the second largest dry natural gas producer on the continent. Egypt is the largest oil producer in Africa that is not a member of the Organization of the Petroleum Exporting Countries (OPEC), and the second largest natural gas producer on the continent, following Algeria. Egypt plays a vital role in international energy markets through the operation of the Suez Canal and Suez-Mediterranean (SUMED) Pipeline. The Suez Canal is an important transit route for oil and liquefied natural gas (LNG) shipments traveling northbound from the Persian Gulf to Europe and North America and southbound shipments from North Africa and countries along the Mediterranean Sea to Asia. The SUMED Pipeline is the only alternative route nearby to transport crude oil from the Red Sea to the Mediterranean if ships were unable to navigate through the Suez Canal. Fees collected from operation of these two transit points are significant sources of revenue for the Egyptian government. In Africa, Egypt has the third largest population, after Nigeria and Ethiopia, and the second highest gross domestic production (GDP), in purchasing power parity at current international prices, after South Africa, according to the latest 2011 statistics from the World Bank. The International Monetary Fund (IMF) indicates that after the Egyptian revolution in 2011 the country experienced capital outflows and a sharp drop in tourism revenue and foreign direct investment. Annual GDP growth in Egypt dropped to 1.8 percent in 2011 from 5.1 percent in 2010. Despite this slower growth, oil and gas production and operations largely have been unaffected, although some foreign companies have withdrawn nonessential foreign staff as a precautionary measure because of uncertainty i