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Crude oil production has been in decline for several years, from 45,200,000 t in 93/94 to 37,000,000 t in 99/00. Oil production in late 2001 was about 118,000 m³ (740,000 barrels) per day. To minimize the growing domestic demand of petroleum products (approximately 23 mmt) Egypt is encouraging the production of natural gas. Natural gas output continues to increase and reached 18 mmt of oil equivalents in 2001.

Partially independent from the UK in 1922, Egypt acquired full sovereignty following World War II. In 1952 a popularly-supported military coup d’état forced King Farouk I, a constitutional monarch, to abdicate in support of his son King Ahmed Fouad II. Finally the Egyptian Republic was declared on 18 June 1953 with Gen. Mohamed Naguib as the first President of the Republic.

The first Christians in Egypt were mainly Alexandrian Jews such as Theophilus, whom Saint Luke the Evangelist addresses in the introductory chapter of his gospel. When the church was founded by Mark during the reign of the Roman emperor Nero, a great multitude of native Egyptians (as opposed to Greeks or Jews) embraced the Christian faith. Christianity spread throughout Egypt within half a century of Mark's arrival in Alexandria as is clear from the New Testament writings found in Bahnasa, in Middle Egypt, which date around the year 200 AD, and a fragment of the Gospel of Saint John, written in Coptic, which was found in Upper Egypt and can be dated to the first half of the second century. In the second century Christianity began to spread to the rural areas, and scriptures were translated into the local language, namely Coptic

Egypt's largely uneducated urban and rural lower classes were intensely devoted to Islam, but they lacked a thorough knowledge of the religion. Even village religious leaders had only a rudimentary knowledge of Islam. The typical village imam or prayer leader had at most a few years of schooling; his scholarly work was limited to reading prayers and sermons prepared by others and to learning passages from the Qur'an. Popular religion included a variety of unorthodox practices, such as veneration of saints, recourse to charms and amulets, and belief in the influence of evil spirits.

The history of Egypt is the longest continuous history, as a unified state, of any country in the world.

By some accounts there are more than 40 million Coptic Orthodox Christians in the world: they are found primarily in Egypt (roughly 10 million), Ethiopia (roughly 30 million), and Eritrea (roughly 2 million), but there are significant numbers in Sudan and Israel, and in diaspora throughout the world. However, as applied to the Tewahedo Church of Ethiopia, which before 1950 was a part of the Coptic Church of Egypt, the word Coptic can be considered a misnomer because it means Egyptian. The Eritrean Orthodox Church similarly became independent of the Tewahedo Church during the 1990s. These three churches remain in full communion with each other and with the other Oriental Orthodox churches.

Since the 1980s theologians from the two groups have been meeting in a bid to resolve the theological differences, and have concluded that many of the differences are caused by the two groups using different terminology to describe the same thing. In 1990, the Coptic and Antiochian Orthodox Churches agreed to mutually recognize baptisms performed in each other's churches, making rebaptisms unnecessary. In the summer of 2001, the Coptic Orthodox and Antiochian Orthodox agreed to recognize the sacrament of marriage as celebrated by the other. Previously, if a Coptic and Greek wanted to marry, the marriage had to be performed twice, once in each church, for it to be recognized by both. Now it can be done in only one church and be recognized by both.

In the last quarter of the 20th century, Egyptian music was a way to communicate social and class issues. One popular modern pop singer is Amr Diab.

The Catechetical School of Alexandria is the oldest catechetical school in the world. Founded around 190 by the scholar Pantanaeus, the school of Alexandria became an important institution of religious learning, where students were taught by scholars such as Athenagoras, Clement, Didymus, and the great Origen, who was considered the father of theology and who was also active in the field of commentary and comparative Biblical studies. Origen wrote over 6,000 commentaries of the Bible in addition to his famous Hexapla. Many scholars such as Saint Jerome visited the school of Alexandria to exchange ideas and to communicate directly with its scholars. The scope of this school was not limited to theological subjects; science, mathematics and humanities were also taught there. The question and answer method of commentary began there, and 15 centuries before Braille, wood-carving techniques were in use there by blind scholars to read and write.

Mummies have been an object of intense interest in the West since archaeologists began finding them in large numbers. 19th century aristocrats would often entertain themselves by buying mummies, having them unwrapped, and holding observation sessions. These sessions destroyed several mummies, because the exposure to the air caused them to desintegrate.

Under Islamic law, non-Muslim males must convert to Islam to marry Muslim women, but non-Muslim women need not convert to marry Muslim men. Muslim women are prohibited from marrying Christian men. Muslim female heirs receive half the amount of a male heir's inheritance, while Christian widows of Muslims have no inheritance rights. A sole female heir receives half her parents' estate; the balance goes to designated male relatives. A sole male heir inherits all his parents' property. Male Muslim heirs face strong social pressure to provide for all family members who require assistance; however, this assistance is not always provided. In January 2000, the Parliament passed a new Personal Status Law that made it easier for a Muslim woman to obtain a divorce without her husband's consent, provided that she is willing to forego alimony and the return of her dowry. However, an earlier provision of the draft law that would have made it easier for a woman to travel without her husband's consent, was rejected.

There currently exist eighteen recognized political parties from across the political spectrum. The formation of political parties based on religion is prohibited by the Constitution. The official opposition and political pressure groups, like the Muslim Brotherhood, are active in Egypt and make their views public. They are represented at various levels in the political system. However, power is concentrated in the hands of the President of the Republic and the National Democratic Party which retains a super-majority in the People's Assembly.

The Egyptians are a fairly homogeneous people. Mediterranean and Arab influences appear in the north, and there is some mixing in the south with the Nubians of northern Sudan. Many theories has been proposed on the origins of the Egyptians, however non are conclusive, and the most widely accepted theory is that Egyptian society was the result of a mix of east african and asiatic people who moved to the Nile Valley after the ice age. The bulk of Modern Egyptian society still maintains a homogenous genetic tie to the ancient Egyptian society which has always been regarded as rural and most populous compared to the neighboring demographics. The Egyptian people spoke only languages from the Afro-Asiatic family (previously known as Hamito-semitic) throughout their history starting with Old Egyptian, to modern Arabic.

Popular Islam is based mostly on oral tradition. Imams with virtually no formal education commonly memorize the entire Qur'an and recite appropriate verses on religious occasions. They also tell religious stories at village festivals and commemorations marking an individual's rites of passage. Predestination plays an important role in popular Islam. This concept includes the belief that everything that happens in life is the will of God and the belief that trying to avoid misfortune is useless and invites worse affliction. Monotheism merges with a belief in magic and spirits (jinns) who are believed to inhabit the mountains.

The Egyptian system for presidential election is regarded by many as not being fully democratic due to the fact that it is the People’s Assembly and not the populace itself, who retains the upper-hand in choosing the Chief of State. In addition, it allows for whatever party or coalition controlling the People’s Assembly to put forward their candidate as the presidential candidate. This greatly explains how in most of the 1980s and 1990s the National Democratic Party has managed to maintain the office of President and a parliamentary majority.