EGPC Urges Higher Oil and Gas Output Across Egypt’s Fields

The Egyptian General Petroleum Corporation (EGPC) is stepping up efforts to increase oil and natural gas production as domestic energy demand continues to rise. EGPC CEO Salah Abdel Kerim made the call during reviews of the FY 2025/26 performance of South Dabaa Petroleum Company (DAPETCO), PetroNefertiti, PetroKarim and Rahmi.

During DAPETCO’s general assembly, Abdel Kerim emphasized that production growth must go hand in hand with strong occupational health, safety and environmental standards. He also urged partner company HBS to ensure timely availability of drilling equipment so that the company can execute its planned drilling program without disruptions to rig operations.

Sayed Selim, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), also called for higher DAPETCO production during the meeting, citing increasing natural gas demand. He encouraged the company to deploy artificial intelligence technologies to improve exploration accuracy and support more effective identification of hydrocarbon resources.

DAPETCO Chairman and Managing Director Sayed Beshendi reported that the company produced approximately 3,230 barrels per day of oil and condensates and 23 million cubic feet per day (mmcf/d) of natural gas during FY 2025/26. The company drilled four wells during the period, comprising two exploration wells and two development wells, while evaluating 11 additional exploration prospects.

Alongside production and exploration activities, DAPETCO continued initiatives aimed at improving energy efficiency and reducing emissions. Projects focused on lowering diesel consumption and increasing electricity-grid usage generated approximately $374,000 in energy savings and reduced emissions by about 874.89 tonnes of carbon dioxide equivalent.

Separately, Waleed Afifi, Chairman of PetroNefertiti, PetroKarim and Rahmi, reported combined production of approximately 6,909 barrels per day of oil and condensates and 2.71 million cubic feet per day of natural gas. Dana Petroleum Regional Manager George Kuzma reaffirmed the company's commitment to investing in Egypt and supporting additional drilling activity.

The latest production push follows FY 2025/26 general assembly meetings held on August 24. PetroAmir reported average production of 973 barrels per day, while Abdel Kerim again stressed the importance of increasing output.

On August 23, Alamein Petroleum reported production of 613,200 barrels from the Horus and East Abu Sennan fields, achieving its full production target. PetroZenima also reviewed plans to increase production and accelerate reserve development.

Impact on Products & Chemical Commodity Prices

Higher Egyptian oil and natural gas production should improve domestic hydrocarbon availability and strengthen feedstock security for energy-intensive industries. Increased crude output could marginally ease regional crude supply tightness, potentially limiting upside in crude-linked products such as naphtha, LPG and aromatics if production growth becomes significant. Greater natural gas availability could support gas-based methanol, ammonia and other petrochemical production, potentially improving operating rates and reducing feedstock pressure. However, the immediate price impact on chemicals tracked by ChemAnalyst is likely to be limited because the reported production volumes remain relatively modest. Sustained drilling success and materially higher output would create a more noticeable bearish effect on regional feedstock prices.