SOPC, NPC Report 28%, 20% Increases in Production

SOPC, NPC Report 28%, 20% Increases in Production

The Suez Oil Processing Company (SOPC), Nasr Petroleum Company (NPC), and Petroleum Pipelines Company (PPC) reported on their operations for fiscal year (FY) 2016/2017 to the Egyptian Minister of Petroleum and Mineral Resources,  Tarek El Molla, during their annual review meeting, Egypt Oil & Gas reports.

SOPC increased production by 28% in FY 2016/2017, the Head of SOPC, Mohamed Eliwa, said.

Production from the firm increased to the value of EGP 1.9 billion, Eliwa noted.

The company provides petroleum products–such as gasoline, gas, diesel, and sulfur–to the domestic market.

NPC experienced a 20% increase in production valuation in FY 2016/2017 as measured in EGP, its chairman, Nabil Fahmy stated.

The company produced 2.8 million tons of crude oil for the domestic market at an estimated valued of EGP 1.5 billion. It also invested approximately EGP 191 million in renovation, security, and safety projects.

PPC reported that it had completed 91% of its butane-transportation project for Asyut and Sohag during its FY 2016/2017 review.

The company boosted the efficiency of its pipelines and pumping stations, the Head of PPC, Abdel Moneim Hafez said. He added that PPC completed the construction of several pipeline projects, including a pipeline linking Tebein and South Helwan.

The proceedings were attended by the First Undersecretaries of the Ministry of Petroleum and Natural Resources, Mohamed Taher and Mohamed Mounes; the Head of Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal; and the Head of the Egyptian Natural Gas Holding Company, Ossama El Bakli.

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Sarah Samir 3498 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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