Egypt’s petroleum product exports exceeded 2.3 million tonnes between January and June 2026, matching the country’s total exports for the whole of 2025, Minister of Petroleum and Mineral Resources Karim Badawi announced.

Exports are projected to rise to 2.5 million tonnes during the second half of the year.

Badawi said the value of Egypt’s petroleum product exports reached approximately $2.3 billion in the first half of 2026, while domestic crude oil production climbed to its highest level in nearly two years.

The increase in exports comes alongside the ministry’s strategy to stimulate investment and raise domestic production. The settlement of outstanding payments owed to investment partners has encouraged companies to inject new investments and intensify exploration, field development, and production activities.

Badawi attributed the rise in crude oil production to the ministry’s efforts to attract investment, accelerate field development, and improve production efficiency.

In the refining sector, Badawi said refinery utilization rates had increased to approximately 80 percent during 2026. The increase is helping meet domestic demand, reduce dependence on imports, and expand exports of petroleum products for which Egypt has a surplus.

The gasoline complex operated by Cairo Oil Refining Company in Mostorod increased its monthly production by approximately 45,000 tonnes of gasoline and 40,000 tonnes of jet fuel.

Meanwhile, Alexandria National Refining and Petrochemicals Company, known as ANRPC, is operating at more than 110 percent of its design capacity.

Amreya Petroleum Refining Company has also increased its production of 92-octane gasoline by between 10,000 and 15,000 tonnes per month, while operating rates at the Middle East Oil Refinery, known as MIDOR, have been raised.

Development work is also underway at Alexandria Petroleum Company’s lubricants complex.

Badawi said the ministry is implementing a new package of refinery modernization projects backed by approximately $4.5 billion in investments and financing.

The projects aim to strengthen energy security, reduce Egypt’s import bill, and enhance the competitiveness of Egyptian petroleum exports.

Alexandria Petroleum Company also increased its production of asphalt and fuel oil during fiscal year 2025/2026.

The company supplied intermediate materials used to manufacture higher-value petroleum and petrochemical products, including linear alkylbenzene, which is used in industrial detergent production, as well as high-octane gasoline, lubricants, waxes, and solvents used across several industries.