Egyptian Petrochemical Company Chairman, Ahmed Mowakea, reviewed the most important business results achieved by the company during fiscal year 2023/24. Mowakea further reviewed the projects that were implemented to increase the production capacities of chlorine; caustic soda; vinyl chloride monomer; and polyvinyl chloride factories.
Chairman of Alexandria Petroleum Company Alaa Amin has presented results of the company’s work during the fiscal year (FY) 2023/24, during which the company refined the received quantities of crude oil, which amounted to about 3.8 million tons, contributing to providing petroleum products worth about EGP 146 billion.
Minister of Petroleum and Mineral Resources Karim Badawi has affirmed the significant role of the petrochemical industry as an essential component of the national economy and a base for promoting local industries and reducing imports.
The Production and Maintenance teams at Badr Eldin Petroleum Company (BAPETCO) have successfully implemented creative ideas helped in reducing the fuel consumptions by 1,825,000 liters per year and carbon emissions by 11,700 tons of equivalent carbon dioxide per year at Alam El Shawish fields in the Western Desert.
Assiut Oil Refining Company (ASORC) Chairman, Maged El-Kordy, reviewed the most important results of the company’s work during the fiscal year (FY) 2023/24, explaining the success of the refinery there in converting about 3.3 million tons of crude oil into petroleum products for the local market.
Cairo Oil Refining Company's (CORC) Chairman Wael Rizk has stated that the company has implemented investment projects with costs exceeds EGP 1.8 billion during the fiscal year (FY) 2023/24.
Suez Oil Processing Company (SOPC) Chairman Hesham Fathy has announced that the company’s refinery has produced about 1.3 million tons during the fiscal year (FY) 2023/24 which contributes in providing a part of the local market needs of high standard petroleum products.
Minister of Petroleum and Mineral Resources, Karim Badawi, held a discussion session with Sam Dabbous, President & Chief Operating Officer of the IPR Group. The meeting reviewed the company's business and activities in its concession areas in the Western Desert and the Gulf of Suez, as well as its plans to increase oil and gas production rates and develop aging fields.
Prime Minister Mostafa Madbouly has announced that there will be no more electricity cuts and load reduction measures during the coming period, denying rumors of imminent power outages during September.
Khalda Petroleum Company has completed its 2024 summer training program for university students in technical skills related to the oil and gas industry in the company's fields and headquarters.
