Pharos Energy’s Oil Production from Egypt Reaches 1,381 bbl/d in 2023
Pharos Energy plc has announced that it produced 1,381 barrels per day (bbl/d) of oil during 2023, according to results submitted to the London Stock Exchange.
News / Egypt
EMC Achieves EGP 8.8B in Revenues in 2023
During the General Assembly, the company’s Chairman, Khaled Ibrahim pointed to the success of EMC in achieving an increase in the volume of revenues and contracts inside and outside Egypt in 2023. This comes as it achieved revenues amounting to EGP 8.2 billion, a 26% increase over the year 2022, and that it provided a volume of contracts amounting to EGP 11 billion, a 15% increase over the year 2022.
El Molla Issues New Transfers for National Petroleum Sector Companies
Minister of Petroleum and Mineral Resources Tarek El Molla has issued a decision of movements, transfers and assignments that included an executive managing director, a deputy, and heads of companies in the petroleum sector.
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources, Tarek El Molla, and ADES Drilling Company CEO, Mohamed Farouk, witnessed the signing of two agreements for exploratory and production services in some areas of the brownfields in the Gulf of Suez.
El Molla, Honeywell Explore Cooperation in Green Fuel, Emissions Reduction, Capacity Building
Minister of Petroleum and Mineral Resource Tarek El Molla met with a delegation from Honeywell International, headed by Khaled Hashem, the company’s President for the Middle East and Africa region.
ETHYDCO Revenues Grow by 34% in 2023
Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the general assembly meeting of the Egyptian Ethylene and Derivatives Company (ETHYDCO).
PetroSafe Revenues Reach EGP 670M in 2023
The Petroleum Safety and Environmental Services Company (PetroSafe) has held a general assembly meeting to approve the results of its work for the year 2023 in the presence of the Egyptian General Petroleum Corporation's (EGPC) Chairman Alaa El Batal.
Town Gas Achieves EGP 4B in Revenues
The company achieved total revenues amounting to approximately EGP 4 billion and a net profit exceeding EGP 112 million, an increase of 57% over the previous year, in a first for the company.
Nile Petroleum Company to Add Seven New Natural Gas Stations
The Chairman of Nile Petroleum Company Ahmed Eid has stated that the company has 75 natural gas stations in addition to another 12 that are under construction throughout different areas in upper Egypt.
