Egypt is a significant oil producer and has the largest refining sector in Africa, however, due to rising domestic demand it does require a small amount of petroleum imports. Production has declined, though modestly, and was at 736,000 bpd in 2010 - a decrease of .6 percent over the previous year. Natural gas is expected to be a larger source of growth due to increased exploration. Revenues from the Suez Canal, the main transit conduit of oil from the Persian Gulf, are also a sizable portion of Egypt’s economy.
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World's cheapest gas: Top 10 countries
A list of the world's cheapest gas locales, according to Staveley Head, a British insurance firm.
3. Egypt- $1.14 per gallon ($0.30 per liter)
