Cairo Oil Refining Company (CORC) Chairman Wael Rizk announced that the company targets an investment budget estimated at EGP4.471 billion during the next fiscal year (FY) 2025/26 which will be dedicated to implementing replacement and renewal projects as well as occupational health and safety, and environmental protection projects.
Assiut Oil Refining Company (ASORC) Chairman, Maged El-Kordy, stated that ASORC aims in its investment budget of the next fiscal year (FY) 2025/26 to refine 4.2 million tons of crude oil with the aim of fully exploiting the company's refining capacities to contribute to meeting local market demands.
Suez Oil Processing Company (SOPC) Chairman Hesham Fathy reviewed the company's targets and investments during the next fiscal year (FY) 2025/25 to enhance production performance.
Nasr Petroleum Company (NPC) Chairman Mohamed Abdullah stated that his company has implemented development health, safety, and environment (HSE) systems and provided its facilities with the latest early warning and automatic fire extinguishing systems.
Minister of Petroleum and Mineral Resources Karim Badawi highlighted the importance of the role played by the Petroleum Pipelines Company (PPC) as a main artery for transporting and distributing vital petroleum products to all consumption areas.
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Prince Abdulaziz bin Salman, Saudi Arabia's Minister of Energy, where they discussed the ongoing efforts to develop energy bilateral cooperation.
In continuation of the intensive drilling activities witnessed by Egypt in the deep waters of the Mediterranean Sea, the drilling vessel "Saipem 10000" arrived in Egyptian waters to begin drilling operations at the Zohr natural gas field site in north of Port Said for new wells by using modern technology in deep waters in the field's concession area.
The drilling of the exploratory well East Crystal-1 in the Gulf of Suez, carried out by the Emirati company Dragon Oil, through the joint venture vompany, the Gulf of Suez Petroleum Company (GUPCO), has been successful.
On behalf of the President Abdel Fattah Al-Sisi, the Minister of Petroleum and Mineral Resources Karim Badawi participated in the Africa Energy Summit held in Dar es Salaam, Tanzania under the slogan “The Mission 300” which aims at providing electricity access to 300 million people by 2030.
The North Baharia Petroleum Company (Norpetco) held its General Assembly meeting on January 26th to discuss and approve the amended budget for the fiscal year (FY) 2024/25 and the original budget for FY 2025/26.
