SDX Energy Appoints Yvon Quillien as COO
SDX Energy announced the appointment of Yvon Quillien as its new Chief Operating Officer (COO).
News / Egypt
Aton Announces Hamama West Gold-Silver Project Updates
Aton Resources Incorporation announced the latest assay results from its Hamama West gold-silver project, which is located in the Company’s 100% owned Abu Marawat Concession, in the Eastern Desert of Egypt.
Egypt, Methanex Discuss Latest Developments of Operational Safety Management Program
Minister of Petroleum and Mineral Resources Tarek El Molla has received Brad Boyd, the Senior Vice President of Corporate Resources at Methanex Corporation, to discuss the latest updates on the operational safety management program, within the framework of the memorandum of understanding (MoU) that was signed between the Ministry and the company to cultivate operational safety management principles at Egyptian petroleum companies.
Egypt’s Petrochemical Output Exceeds 4.3M Tons in 2021/22
Local production of petrochemicals exceeded 4.3 million tons annually in fiscal year (FY) 2021/22, which doubled from around 2.1 million tons produced in 2015/16, the Egyptian Petrochemicals Holding Company's (ECHEM) Chairman Saad Helal stated, indicating that the company’s total revenues during the year increased by 85% to reach over EGP 3.3 billion.
Ganope’s Oil Production Increases by 10% in FY 2021/22
The Chairman of South Valley Egyptian Petroleum Holding Company (Ganope) Nael Darwish announced that his company succeeded in increasing its reserves by adding 15 million barrels during fiscal year (FY) 2020/21 to reach its current average production of 23,000 barrels of crude oil per day (bbl/d) which increased by 10% from last year, in addition to 4.5 million cubic feet of natural gas and 8,300 tons of butane.
MIDOR Expansions to Raise Refinery’s Capacity by 60%
The expansion project will enhance its role as one of the important tributaries to feed the local market with its needs, as the project will raise the current production capacity of the refinery by 60% to reach 160,000 barrels per day, El Molla added.
El Molla Gives Green Light for Raven Field Gas Line to Al-Amirya Plant
During his visit to Alexandria, Tarek El Molla, Minister of Petroleum and Mineral Resources, gave the go-ahead to begin linking the Raven gas pipeline to the butane extraction plant in Al-Amirya, which was implemented by the Egyptian Natural Gas Company (GASCO).
AMOC Scores 262% Increase in Net Profits in FY 2021/22
Alexandria Mineral Oils Company (AMOC) Chairman Amr Lotfy announced that his company’s profits have increased by 262% during fiscal year (FY) 2021/22, recording EGP 1 billion compared to EGP 399 million in the last FY.
Abu Qir Fertilizers Achieves Profits of EGP 9B in FY 2021/22
Abed Ezz El Regal, the Chairman of Abu Qir Fertilizers Company (AFC), declared that his company has achieved growth in its profits worth 158% reaching EGP 9 billion during fiscal year (FY) 2021/22, compared to EGP 3.5 billion during the previous year.
Egypt Aims to Raise Earnings from Natural Gas Exports to $1B Monthly
Minister of Finance Mohamed Maait announced that Egypt aims to increase its earnings from natural gas exports to $1 billion during the upcoming period noting that currently it gets about $500 million monthly from natural gas exports, Reuters reported.
