The oil and gas sector is believed to be the largest foreign currency generator in Egypt.   The sector has created a sizable market for oil and gas field machinery and services, estimated above $1.5 billion. The Egyptian authorities are facilitating the presence of international joint venture companies for oil and gas exploration and production.

During the last five years, Egypt was able to identify more than 150 oil and gas discoveries across the country (both on and off shore), attracting major international oil and gas companies to the local market. With steadily rising domestic consumption, numerous opportunities exist in the local market for exploration, production and services.