How much oil does Egypt produce?

Answer 1

Egypt produces about 685,000 barrels a day and is bordered by the strategicaly critical Suez Canal that transports a million barrels a day to Europe. Egypt is a growing producer of natural gas as well. As of January 31, 2011, Egypt will be offering 19 new area for gas exploration.

Answer 2

Egypt does have some oil: it produces about 600,000 barrels a day, with a retail value of about $18 billion annually. Still, because of Egypt's large population, this would translate to only about $220 per capita.

Most of Egypt's oil stays in its domestic market: it exports only 89,000 barrels a day, which would produce $2.6 billion a year at a price of $80 per barrel, or just $32 per person. This is much less than the aggregate figure for the Middle East, which is $1,605 per person.

Egypt also ranks 18th in natural gas production, which may have some similar effects. But - as with its petroleum - most of it is retained for the domestic market; its exports produce only about $20 annually per capita at prevailing prices.