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Does Non-renewable Energy Utilization in Egypt Generate Net Gain or Net Loss?

Author

Listed:
  • Hebat-Allah El-Deken

    (National Society for Economic Policy (NSEP))

  • Noran Farag
  • Noha Hamdy

Abstract

This paper evaluates the sustainability of the main energy sources in Egypt. In its attempt to reach this evaluation, the paper reviews Egypt’s energy map, highlighting the features of the energy sector in the Egyptian economy in general and petroleum sector in particular. To assess the effectiveness of government policies in a broader sustainability framework, the resource rent as a measure of sustainability is conducted for oil and gas. The paper estimates the current value of oil and natural gas reserves, predicts the future revenues from consuming these non-renewable resources, and calculates the net present value of Egypt’s wealth from such natural resources. These calculations are being applied under different scenarios, where different relative future prices movements and extraction rates for both oil and natural gas are considered.

Suggested Citation

  • Hebat-Allah El-Deken & Noran Farag & Noha Hamdy, 2011. "Does Non-renewable Energy Utilization in Egypt Generate Net Gain or Net Loss?," Working Papers 585, Economic Research Forum, revised 05 Jan 2011.
    • Handle: RePEc:erg:wpaper:585
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    References listed on IDEAS

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