GUPCO Invests $452M in FY 2024/25

• Thursday, 28th August 2025
• by Sarah Samir

Gulf of Suez Petroleum Company (GUPCO) invested $452m in FY 2024/25, maintained production level at around 57,000 barrels per day (bbl/d) and completed the first phase of the North Safa field, Abdul Wahab El-Maghawry, the company's Chairman, told its General Assembly headed by Minister of Petroleum and Mineral Resources Karim Badawi.

 El-Maghawry added that the second phase of the North Safa Field is expected to go online in the third quarter of the current fiscal year. He also said the company is currently implementing a plan to drill and repair 14 wells in its concessions.

Abu Qir Fertilizers Revenue Up 24% in 2024/2025

• Thursday, 28th August 2025
• by Doaa Ashraf

Abu Qir Fertilizers and Chemical Industries posted a 31% decline in its net profit for the fiscal year ending in June 2025 compared to the previous year to settle at EGP  9.34 million, according to a statement sent by the company to the Egyptian stock exchange.

A New Agiba Western Desert Exploration Well to Add 3,100 (boe)

• Wednesday, 27th August 2025
• by Sarah Samir

The exploration activities in the North Lotus Deep-1 well in Western Desert yielded positive results and it will add about 1,835 barrels of crude oil per day (b/d) and 7 million cubic feet of natural gas daily (mcf/d), which is equivalent to 3,100 barrels of oil equivalent (boe), according to a press release by the Ministry of Petroleum and Mineral Resources (MoPMR). With estimated reserves of about 5 million (boe), the well has already been put on the production map.

CPC Sold 9.4 M Tons of Petroleum Products in 2024/25

• Wednesday, 27th August 2025
• by Sarah Samir

The Cooperation Petroleum Company’s (CPC) sold 9.4 million tons of petroleum products, including gasoline, diesel, and mazut, in fiscal year (FY) 2024/25, according to Mostafa El Sayed, the company’s Chairman.

Petrogas Provides 3.674M Tons of Butane in FY 2024/25

• Wednesday, 27th August 2025
• by Sarah Samir

Petroleum Gas Company’s (Petrogas) provided 3.674 million tons of butane in fiscal year (FY) 2024/25, in coordination with the Egyptian General Petroleum Corporation (EGPC), Petrogas’ Chairman, Mohamed Farhat noted during the general assembly chaired by Karim Badawi, the Minister of Petroleum and Mineral Resources.

Misr Petroleum Records 8.6mn Tons of Petroleum Products, Lubricants Sales in FY 2024/2025

• Wednesday, 27th August 2025
• by Doaa Ashraf

Misr Petroleum recorded total sales of 8.6 million tons of petroleum products and lubricants in fiscal year (FY) 2024/2025, said company’s Chairman Mohamed Maged Bakheet during the general assembly meeting chaired by Karim Badawi, the Minister of Petroleum and Mineral Resources. The company also upgraded its fueling and service station network. It developed 60 stations and inaugurated seven new ones, bringing the total to 1,562 stations nationwide. Moreover, the company started the construction of two integrated stations in the New Administrative Capital.

Egypt Boosts Zohr Gas Production, Adding 65 mmcf/d

• Tuesday, 26th August 2025
• by Doaa Ashraf

Putting the Zohr-6 well into production has added 65 million cubic feet of gas per day (mmcf/d) , said Karim Badawi, Minister of Petroleum and Mineral Resources during the general assembly meetings of Belayim Petroleum Company (Petrobel) and Petroshorouk to approve the results of the fiscal year 2024/2025, in the presence of petroleum sector leaders and representatives of international investment partners Italian Eni, British bp, Russian Rosneft, Hungarian Arkeus Energy, and Emirati Mubadala.

CORC Refines 7M Tons of Crude Oil in 2024/25

• Tuesday, 26th August 2025
• by Sarah Samir

The amount of crude oil refined at the Mostorod and Tanta refineries of the Cairo Oil Refining Company (CORC)  reached nearly seven million tons in the fiscal year (FY) 2024/25, enough to cover the local market's need for various petroleum products, according to Chairman El Sayed Youssef Abbas.

APRC Produces 3M tons of Petroleum Products in 2024/25

• Tuesday, 26th August 2025
• by Sarah Samir

Mohamed Sobhi, Chairman of the Amreya Petroleum Refining Company (APRC), said that the company produced about three million tons of petroleum products during fiscal year (FY) 2024/25. It exported products valued at $36 million, including crude wax, alkyl benzene, and distillates. The company also supplied 1.1 million tons of industrial operational needs to other petroleum companies to maximize added value.

Alexandria Petroleum Company Refines Over 3.5M Tons of Crude Oil in 2024/25

• Tuesday, 26th August 2025
• by Sarah Samir

Reham Mohamed, chairperson of Alexandria Petroleum Company said that the company refined more than 3.5 million tons of crude oil in fiscal year (FY) 2024/25 to produce various petroleum products and petroleum solvents for local industries.