Egypt enjoys a long and distinguished legacy in hydrocarbons; despite never being the largest producer in
the region, it has always garnered the interest of the global industry.
In recent years, however, the country has been beset by political instability with numerous crises of leadership, fueled by the Arab Spring revolutions, setting back national development and severely disrupting
economic progress. The petroleum sector, representing two-thirds of Egypt’s FDI in 2016 (BNP Paribas May
2017 report), was thus hit by the double whammy of domestic turmoil and the global oil price rout.
With Egyptian President H.E. Abdel Fattah El Sisi at the helm in the past two years, however, the country
has witnessed some welcome return to normalcy, while the sector has drawn fresh energy from the 2015
Zohr supergiant gas discovery in the offshore Mediterranean. With other big-ticket initiatives like BP’s West
Nile Delta and Siemens’ Egypt Megaproject coming onstream in 2017, and a wildly successfully inaugural
Egypt Petroleum Show (EGYPS) in February, Egypt is certainly hoping to ride the momentum into a new era
of energy prowess.
As H.E. President Sisi astutely proclaims, “Energy represents a crucial catalyst to realize sustainable development.” With the sector designated a national priority, the Minister of Petroleum and Mineral Resources,
H.E. Eng. Tarek El Molla, is personally spearheading an ambitious Modernization Program to transform the
entire sector with the ultimate goal of fulflling the country’s much touted potential as a regional energy hub.
This sponsored supplement was produced by Focus Reports.
Publisher: Diana Viola
Project Director: Carla Verdera Mateu
Coordinator: Karen Xi
Contributor: Jun Wakabayashi
Senior Editor: Louis Haynes
Editor: Patrick Burton
Graphic Design: Miriam León, Laura Breitfeld
Cover illustration: Miriam León
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