Egypt Gas has decided to limit what has been paid in the contribution share amount of $3.18 million in the capital of the Egyptian Company for Bioethanol, amounting to $42.4 million. Hence, the contribution of Egypt Gas to the Egyptian Company for Bioethanol is now 7.5%.
The company reported strong financial performance in Q1 2024, with revenue of $193 million and a gross profit margin of 44%. This translated to a significant year-over-year increase of 4.3% in net profit, reaching $62.6 million.
Chairman of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dein has signed a memorandum of understanding (MoU) with the Rotterdam Foundation.
Maridive & Oil Services has announced the financial results of the year ending on 31 December 2023, during the Board of Directors meeting held on 13 May.
President of the General Federation of Egyptian Chambers of Commerce Ahmed El Wakil has stated that it is time for the African nations to focus on our intra-trade and joint investments, especially with its oil and gas resources, El Ahram Newspaper reported.
QatarEnergy has announced signing a farm-in agreement with ExxonMobil to acquire 40% participating interest in two exploration blocks offshore Egypt.
Egyptian Prime Minister Mostafa Madbouly and Jordanian Prime Minister Bisher Al-Khasawneh have chaired the work of the 32nd session of the Egyptian-Jordanian Joint Higher Committee.
The Center of Excellence for Energy Transition, affiliated with the oil and gas sector, has signed a memorandum of understanding (MoU) with the Norwegian company Carbon Limits, which specializes in measuring and reducing methane emissions from the petroleum industry.
