Egypt targets higher oil and gas output in 2026/2027 development plan

Egypt announced its 2026/2027 economic and social development strategy centered on expanding hydrocarbon production and strengthening the country’s position in global energy markets. Officials from the Planning and Petroleum ministries outlined objectives that include raising domestic oil and gas output, attracting foreign investment, and decreasing reliance on petroleum imports.
The government committed $4.5bn toward refinery modernization efforts designed to enhance domestic production