In Egypt, an estimated capital expenditure (CAPEX) for oil and gas projects scheduled to come online by 2032 is projected to reach US$45 billion, spread across 52 projects. The country is ramping up its upstream field developments with seven oil and gas blocks awarded in June 2025 to meet its critical domestic gas demands. Eni is leading the Upstream sector with ongoing gas field developments in the Nile Delta and Offshore Egypt. Eni’s US$0.5 billion Nour Offshore Gas Discovery targets up to 100MMcf/d of natural gas from the Nour concession area. While most of Egypt’s E&P are in early drilling phase, multiple FSRUs are rapidly advancing to support gas imports from neighbouring countries. The government is also aiming to become a central hub for refined oil and gas trade with over US$41 billion planned investment in its downstream sector. One of its major downstream projects include the El-Alamein Petrochemical and Refinery Complex, a US$7 billion petro-refinery complex with a planned production capacity of 3.4 MTPA. Egypt’s oil and gas sector presents promising investment opportunities as it drives toward surging domestic and regional market growth.