Petroleum Minister: Egypt’s crude oil production reaches highest level in two years

AI Summary

Egypt's crude oil production has reached its highest level in almost two years, driven by increased output and refinery capacity utilization. The Petroleum Minister highlighted a refining boom in 2026, with operating rates rising to 80%.

Petroleum Minister Karim Badawi announced Saturday, July 25, 2026, that Egypt’s crude oil production hit its highest level in nearly two years, driven by settling partner dues to boost local output. Inspecting Alexandria Petroleum Company refinery projects, Badawi explained that increased production and refinery supply fueled a 2026 refining boom. Operating rates rose to 80%, meeting … The post Petroleum Minister: Egypt’s crude oil production reaches highest level in two years appeared first on Egypt Independent.