ASORC to Refine 4.1M tons of Crude Oil in 2019/20
Assiut Oil Refining Company (ASORC) plans to refine 4.1 million tons of crude oil during fiscal year (FY) 2019/20, according to company head Mahmoud Hassan.
News / Egypt
Egypt Spends EGP 45B on Fuel Subsidies in H1 2018/19
Egypt has spent around EGP 45 billion on fuel subsidies during the first half of fiscal year (FY) 2018/19, Minister of Petroleum Tarek El Molla has said.
AMOC to Delay IPO: Government Official
Alexandria Mineral Oils Company (AMOC) will delay its initial public offering (IPO) on the Egyptian Exchange Market (EGX) after the company posted lower-than-expected profits.
Egypt to Introduce Fuel Pricing Mechanism on 95-Octane in April
Egypt will introduce an automatic price indexation mechanism on 95-octane benzene in April 2019.
NPC to Produce 4 M tons of Petroleum Products in FY 2019/20
The company will establish crude oil distillation apparatus with production capacity 1.2 million tons per year.
CORC to Refine 7.8 M tons of Petroleum in FY 2019/20
The 7.8 million tons will be refined at the Mostorod and Tanta refineries, and will include 750,000 tons belonging to Egyptian Refining Company (ERC).
SOPC to Produce 2 M tons of Petroleum Products in 2019/20
The company will conduct a number of projects with investments around EGP 700 million.
Petrogas to Fill 308 Butane Cylinders in 2019/20
The company plans to keep, develop and increase the efficiency of productive assets, in addition to conducting rehabilitation and renewal processes on the equipment of the health, safety and environment (HSE) systems.
Egypt Adds 240,000 b/d of Crude Oil in 2018
The Egyptian oil and gas sector added 240,000 barrels per day (b/d) of crude oil to production in 2018, according to a source at the Ministry of Petroleum.
Egypt Delays Red Sea E&P Bid Round until Q1 2019
Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019.
