Olive oil is the natural oil extracted from olives, the fruit of the olive tree. Olive oil is rich in monounsaturated oleic acid. This fatty acid is believed to have many beneficial effects and is a healthy choice for cooking. Extra Virgin Olive Oil (EVOO) is the highest quality olive oil available, extracted from the olive fruit without the use of any heat or chemicals. Most of the world’s supply of olive oil is produced in the countries of the Mediterranean Basin, one of the best countries produce Olive Oil is Egypt.