answersLogoWhite

0

Egypt is a net IMPORTER of oil. While it is true that Egypt is an oil producing country, it's native oil production has diminished and has charged it's oil industry to forage outside it's borders for crude. Egypt has vast resources of natural gas and has supplemented or replaced much of it's flagging oil income with that product. However, the energy needs of Egypt, growing annually along with every other industrialized nation, requires oil in such quantities that it's own supply is supplemented by importing oil from abroad.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Is Canada a net importer or a net exporter?

exporter


Is US a net importer or exporter of steel?

The U.S. is a net exporter of steel.


What is the current status of the US as an exporter and importer?

the us is the world's leading importer and exporter


Is your state a net importer exporter of electricity?

To determine if a state is a net importer or exporter of electricity, you would need to look at its electricity generation and consumption data. A state that generates more electricity than it consumes is considered a net exporter, while one that consumes more than it generates is a net importer. States like Texas and Washington are known to be net exporters, while others, such as California, often import electricity to meet demand. For specific information, check the latest energy reports or data from the U.S. Energy Information Administration.


Is the US the worlds largest importer and exporter?

The US is the largest importer China is the largest exporter then Germany then the US


What is the definition of exporter and importer?

An exporter sends things to other countries. An importer brings things in from other countries.


Who bears LC advising charges importer or exporter?

Exporter


Which country is the second largest producer of wheat?

egypt. Egypt is the largest importer. US, Canada or Australia is the largest exporter. Usually the US


Is the US an importer or exporter of fossil fuels?

Importer , the U.S. imports petroleum products such as oil .


Which country is the worlds leading importer and exporter?

I think that China is the most leading importer and exporter because it sends out a lot of products like toys. But this might not be right.


What country is the largest importer and exporter of Goods?

it's USA


Is South Korea a big coal exporter?

No, in the countrary, it is a importer.