Cooperation Petroleum Company’s (Copetrole) market share of main petroleum products reached 30% while its share of oils stood at 21%, Ayman Naguib, Company’s Chairman, announced during a video conference chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla.
Misr Petroleum Company's sales amounted to 6.4 million tons of petroleum products in fiscal year (FY) 2020/21, the company's Chairman Mohamed Shaaban said.
The ASX-1X exploration well at the Egyptian Abu Sennan license reached a total depth of 4,272 meters ahead of schedule.
New Cairo Technological University (NCTU) signed a cooperation protocol with Egyptian Petroleum Research Institute (EPRI), the Ministry of Higher Education announced.
EPC was assigned the implementation of the first phase of the project to raise the production capacity of the PVC product from 80,000 tons annually to 100,000 tons.
Assiut Oil Refinery secures around 65% of the petroleum products consumption in Upper Egypt as it refined 2.6 million tons of crude oil in fiscal year (FY) 2020/21.
The board has put a strategy for Dragon Oil to increase production from 160,000 barrels per day currently to 300,000 b/d by 2026.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
EGYPS 2022 will be held under the auspices of President Abdel Fattah El-Sisi from 14-16 February 2022 under the slogan "North Africa and the Mediterranean ... Meeting Today's Energy Needs".
The protocol comes within the framework of the extended and fruitful cooperation between the two ministries to exchange experiences and jointly benefit from scientific expertise.
