RESEARCH & ANALYSIS
PETROLEUM INVESTMENTS PUMPED BY DIFFERENT SECTORS INEGYPTOVER THE PAST FIVE YEARS BY AMINA HUSSEIN, REHAM GAMAL, TASNEEM MADI
T
he Egyptian Petroleum Sector overcame some challenges following the 2011 revolution. For instance, it has witnessed slowdown of both investments. With this regard, the government has taken on several actions; for instance, it has implemented a reform program of its sub licensed exploration activities in newly discovered fields, in addition to renewing its efforts to gradually pay off its outstanding debt. Accordin has developed to attract investments that would support the exploration and exploitation of these new sources. Over the period from fiscal year (FY) 2013/14 to FY 2017/18, the industry witnessed a steady increase, with FY 2017/18 seeing the highest investment value in the past five years, amounting to EGP 79.68 million, a 26% increase.
14%
Petroleum Investments
Total investment recorded during the period reached EGP 306.68 million, representing 14% of Egypt’s total investment influx.
The Petroleum Investment Shares in Total Investments from FY 2013/14-2017/18 (EGP million) Petroleum Investments
Total Investments from FY 2013/14-2017/18
Total Investments 79637.6 75115.3
55215.8
28738.2 265091.3
333709.3
67980.9
392039.2
721127.6 514309
TOTAL CRUDE OIL INVESTMENTS FY
In Egypt, Crude oil has seen a wave of investments in the upstream and downstream industries as it has undertaken more discoveries and projects sector’s Over the comparison period, natural gas investments represented theprivate lion’s share of investments in crude oil witnessed an increasing trend du FYs. investments, around 76%, with investments in crude oil contributingpast the five remaining percentage, as per the Central Bank of Egypt (CBE). During the comparison period, FY 2013/14 saw the lowest investments pu crude oil, at around EGP 2,563.4 million. On the other hand, investments p FY 2015/16 recording EGP 32,227.7million. Since FY 2015/16, crude oil inve remarked a decline reaching EGP 4624.6 million in FY 2017/18, according 2013/14
2014/15
2015/16
2016/17
16 | EGYPT OIL & GAS NEWSPAPER
2017/18