Ahmed Kamel – Egypt Daily News
Egypt is moving to secure alternative energy supplies by importing at least one million barrels of crude oil per month from Libya, as disruptions linked to the ongoing regional conflict have effectively halted shipments from Kuwait.
The shift comes amid the near-closure of the Strait of Hormuz, a vital artery for global oil transport, which has severely impacted Gulf exports and forced importing countries to seek alternative sources. Egyptian officials have moved quickly to mitigate potential shortages and stabilize domestic supply.
According to sources familiar with the matter, the state-run Egyptian General Petroleum Corporation requested additional volumes from Libya’s National Oil Corporation, leading to an agreement that underscores deepening energy coordination between the two neighboring countries.
The arrangement highlights Egypt’s strategic reliance on regional producers outside the Gulf during periods of geopolitical instability. Libya, despite its own internal challenges, remains a key supplier of crude in North Africa and offers a geographically advantageous alternative for Egyptian imports.
Energy analysts note that the disruption of Kuwaiti flows reflects broader vulnerabilities in global oil supply chains when chokepoints like the Strait of Hormuz are compromised. The waterway typically handles a significant share of the world’s seaborne oil, and any sustained interruption can quickly ripple across international markets.
By diversifying its import sources, Egypt is seeking to shield its economy from the immediate effects of the crisis, including potential fuel shortages and price volatility. The move also aligns with broader government efforts to maintain energy security amid ongoing regional uncertainty.
The deal is expected to provide short-term relief, though officials may continue exploring additional supply arrangements if instability in the Gulf persists.
