Commodity Market Report

Egypt retail fuels long-term outlook

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State-owned companies which benefit from vertical integration dominate the retail market. The networks of Misr Petroleum and Co-operation Petroleum Co. (Copetrole) together account for more than two-thirds of the total number of retail stations. A robust outlook for road fuel demand has attracted several foreign companies. The most notable international players in the retail market are TotalEnergies, OLA Energy, Petromin and ExxonMobil. There has only been minimal penetration of renewables into the country’s road fuel mix despite the government’s efforts to convert diesel cars to dual fuel to run on locally produced CNG. Electric vehicle uptake is forecast to remain virtually non-existent until beyond 2030.

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