The Alexandria Mineral Oils Company (AMOC) output of oils and waxes reached 172,000 tons in the fiscal year (FY) 2024/25, representing 108% of the target for the year. This was achieved while maintaining a production mix of the most profitable fuels like diesel, naphtha, and butane gas, with an overall production of 442,000 tons, Maged ElKordy, Chairman of the company, stated.
Abu Qir Fertilizers and Chemical Industries Company supplied the Ministry of Agriculture with 17 million fertilizer bags and exported its production to 22 countries, generating foreign currency revenues of $317 million in fiscal year (FY) 2024/2025, said Chairman Hany Dahy in the company’s general assembly meeting. It also sold ammonia and solid fertilizers locally at free-market prices.
Eni plans to inject a total of $8 billion into the Egyptian market over the next five years, in cooperation with its partners, according to Guido Brusco, Eni Chief Operating Officer Global Natural Resources. The investment will be directed toward developing existing fields and conducting further exploration.
UK-based Harbour Energy plans to boost natural gas production from its projects in Egypt, including the Disouq field in the Nile Delta and offshore fields in the West Nile Delta, the Ministry of Petroleum and Mineral Resources said in a statement. In addition, the company outlined a three-year investment program targeting additional output from its concessions in partnership with bp.
The Egyptian Bioethanol Company (EBIOL) has signed an early works contract with China TianChen Engineering Corporation (TCC), a subsidiary of China National Chemical Engineering Company (CNCEC), to keep Egypt’s large-scale bioethanol production project on track according to the planned timeline.
Pharaonic Petroleum Company (PHPC)—a joint venture between BP and the Egyptian Natural Gas Holding Company (EGAS)—briefed Minister of Petroleum and Mineral Resources Karim Badawi on updates to its production drilling plans and the safety protocols currently in place. The presentation was delivered by PHPC Chairman Hossam Zaki, with the company’s operational team in attendance at the Ha’py fields in Port Said, one of the fields operated by PHPC.
The Gulf of Suez Petroleum Company (GUPCO), in collaboration with Dragon Oil, organized a workshop on the optimal use of artificial intelligence (AI) applications in developing and enhancing production from brownfields.
Karim Badawi, the Minister of Petroleum and Mineral Resources, and Expro, the international energy services company, met to discuss ways to enhance cooperation in drilling services and technological solutions for the oil and gas industry. The company was represented by Hussein Elsisi, MENA Vice President at Expro, and Ossama Amin, the company's CEO for the East Mediterranean and South Gulf region.
Agiba Petroleum Company, one of Eni’s joint ventures in Egypt, has increased the production rates from its Iris and Arcadia West areas in the Western Desert to 12,000 barrels of oil equivalent per day (boe/d). This marks a significant 4,100 boe/d increase in output from the Iris field, which previously had a production rate of 7,900 boe/d, after the Iris-5 well was recently brought online, adding 2,000 barrels per day (b/d).
The Natural Gas Vehicles Company (Cargas) received a delegation from the Nigerian Petroleum Sector, which was briefed on the Egyptian experience in converting cars to run on compressed natural gas (CNG), as one of the most prominent environmental and economic solutions in the alternative energy sector.
