The Co-operation petroleum Company (Copetrole) gained revenues reaching EGP 50 billion and sold large amounts, reaching 6,7 million tons of gasoline and diesel out of total sales that reached 7,5 million tons during the fiscal year (FY) 2018/19, a press release carried by the Ministry of Petroleum and Mineral Resources pointed out.
Minister of Petroleum and Mineral Resources Tarek El Molla have hailed the achievements that the General Petroleum Company (GPC) accomplished during the fiscal year (FY) 2018/19, especially achieving 4 oil discoveries with a production rate of 2800 crude oil b/d and 1.1 mcf/d of natural gas, which is the production highest rate since its foundation, a press release by the ministry of petroleum concluded.
Ministry of Petroleum connected the first well at Southern-Western Baltim gas field, located 12km away from the Nooros field in the Nile Delta to the national grid. The new well is expected to produce 100mcf/d of gas after being linked to the onshore Abu Madi plant via a pipeline stretching to 44 km long, A press release said.Â
Assiut Oil Refining Company (ASORC) has reviewed its achievements during the fiscal year (FY) 2018/19, which include meeting around 60-65% needs of Upper Egypt provinces in relation to oil products, a press release by the ministry of petroleum said.
Minister of Petroleum and Mineral Resources, Tarek El Molla underscored the importance of expanding infrastructure projects and networks to transport crude oil and petroleum products across Egypt’s provinces, with a focus on Upper Egypt. El Molla also emphasized ensuring safety and optimization measures in various petroleum domains.
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Egypt's emissions produced by consuming petroleum and natural gas products decreased from 210 million tons in fiscal year (FY) 2016/17 to 206,8 million in FY 2017/18, with a decrease ratio of 1.5%, said a press statement by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egyptian Natural Gas Holding Company (EGAS) is due to sign a contract with the Jordanian-Egyptian Fajr for Natural Gas Transmission and Supply Company, according to which, Egypt will extend a natural gas pipeline to Amman-based Jordan Phosphate Mines Company (JPMC), reported Al Borsa.
The Suez Oil Company (SUCO) said its refinery of crude oil increased to 1.6 million tons in the fiscal year 2018/19, with a growth rate reaching 36% more than the previous year. This resulted in meeting the needs of the domestic market of gasoline categories of 80 and 92 as well as butane and diesel, Al-Ahram has reported the head of SUCO Mohamed Eliwa as having said
The award, with its 10 categories, aims to encourage individuals, research centers, as well as public and private companies to take part in various fields. The award targets attracting innovative work in energy and water efficiency, as well as acknowledging solutions in alternative energy or renewable energy production, sustainability and environmental conservation.
