{"id":692230,"date":"2026-04-07T00:00:00","date_gmt":"2026-04-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=692230"},"modified":"2026-04-07T03:46:44","modified_gmt":"2026-04-07T03:46:44","slug":"egypt-secures-libyan-crude-to-compensate-for-hormuz-strait-closure-disruptions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/07\/egypt-secures-libyan-crude-to-compensate-for-hormuz-strait-closure-disruptions\/","title":{"rendered":"Egypt secures Libyan crude to compensate for Hormuz Strait closure disruptions"},"content":{"rendered":"

The Madbouly government<\/strong> has agreed to purchase 3% of Libya\u2019s monthly oil output at<\/strong> international prices<\/strong>, with Libya agreeing to flexible payment terms, covering between 1 mn and 1.2 mn barrels per month, a government official tells EnterpriseAM. Supplies are expected from eastern fields including Messla, Zella, and Nafoora \u2014 all within reach of lower-cost transport.<\/p>\n

Why it matters:<\/strong> The government is now looking westward to offset the halt in Kuwaiti supplies that are caught in the crossfire of the war on Iran. Libyan crude offers a good substitution as it is similar in quality to Egypt\u2019s Western Desert output, which means refineries in Amreya can process the barrels efficiently, Professor of Petroleum and Energy Engineering Gamal Al Qalyoubi tells us. With this imported crude being sourced from border areas, it will activate overland transport routes \u2014 reducing reliance on expensive maritime shipping, and limiting exposure to supply-chain disruptions linked to the ongoing conflict.<\/p>\n

So why wasn\u2019t the choice made earlier?<\/strong> Limited reliance in the past came down to Libya\u2019s political and security conditions, Al Qalyoubi explains.<\/p>\n

DATA POINT- <\/strong>Libya\u2019s output is running at a decade high, with production rising<\/a> to around 1.4 mn barrels per day, the highest level in more than 10 years, equal to some 42.9 mn barrels per month.<\/p>\n

IN CONTEXT-<\/strong> Egypt-Libya ties are deepening again recently, with talks resuming in January<\/a> to expand the electricity interconnection line, from 150 MW to 2 GW, aimed at easing chronic shortages in eastern Libya, a senior government official told us. Our Western neighbour is also turning<\/a> Al Jawf Dry Port southwest Libya into the cornerstone of a joint freezone and a launchpad for Egyptian exports to Libya, and the wider intra-African trade.<\/p>\n","protected":false},"excerpt":{"rendered":"

Turning to Libyan barrels to cut shipping costs and reduce supply chain risk<\/p>\n","protected":false},"author":1,"featured_media":692231,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7335],"tags":[93,72,9446,91,12389],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-692230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-energy","tag-enterpriseam","tag-oil","tag-oil-and-gas","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"c186efb9-2c12-4b53-846d-9b3072b33372","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1190.jpg","photo_position":"above","homepage_title":"","full_issue_title":"We\u2019re looking west for Libyan oil","related_issue":[692225],"teaser":"Turning to Libyan barrels to cut shipping costs and reduce supply chain risk"},"yoast_head":"\nEgypt secures Libyan crude to compensate for Hormuz Strait closure disruptions - 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In today\u2019s issue: We talk to UN Women Representative Gielan Elmessiri on the reality of the situation in Lebanon, and we have an honest review of Something Very\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620513,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/22\/wepco-mulls-usd-420-mn-expansion-of-oil-storage-infrastructure-at-its-al-hamra-terminal\/","url_meta":{"origin":692230,"position":1},"title":"Wepco mulls USD 420 mn expansion of oil storage infrastructure at its Al Hamra Terminal","author":"enterpriseam admin","date":"22 May 2024","format":false,"excerpt":"Wepco is planning to process 95 mn barrels of oil during the next fiscal year \u2014 an average of 260k barrels per day","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1636.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595935,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/egypt-looks-to-increase-output-of-crude-oil-to-690k-barrels-per-day-by-end-of-2019\/","url_meta":{"origin":692230,"position":2},"title":"Egypt looks to increase output of crude oil to 690k barrels per day by end of 2019","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"Egypt is aiming to increase its daily production of crude oil to 690k bbl by the end of 2019, up from the current average output of about 630k bbl\/d, MENA reports. Oil Minister Tarek El Molla said that plans to increase oil production will focus on testing new geological structures\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547682,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/prepare-for-stratospheric-oil-prices\/","url_meta":{"origin":692230,"position":3},"title":"Prepare for \u201cstratospheric\u201d oil prices?","author":"enterpriseam admin","date":"3 July 2022","format":false,"excerpt":"Oil could reach a \u201cstratospheric\u201d USD 380 a barrel if Russia continues to slash output to EU countries in response to escalating Western sanctions, JPMorgan analysts warned in a note to clients cited by Bloomberg. 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