The positive impact of investments in new discoveries and in the development of production fields is expected to appear during the upcoming period.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Engineering for the Petroleum & Process Industries (Enppi), the engineering and training arm of the petroleum sector, to discuss and approve the results of the 2024 business year.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance.
PMS (Petroleum Marine Services) showcased remarkable achievements in 2024, including a record $262.7 million in revenue driven by its strategic focus on deep-water projects, regional cooperation, and operational efficiency. The company played a pivotal role in Egypt’s oil and gas sector by providing integrated marine services that adhere to international standards. Key highlights include the successful implementation of major offshore projects, expansion into new markets like Saudi Arabia and the UAE, and adopting cutting-edge digital technologies such as Digital Twins and real-time monitoring.
The Chairman and CEO of MIDOR, Amr Lotfy, reported a 63% increase in net profit after tax, amounting to $129 million in 2024. This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the company’s fiscal year results in 2024.
Minister of Petroleum and Mineral Resources Karim Badawi emphasized the sector's commitment to providing excellent civil services to citizens, most notably the provision of natural gas to homes.
The Petroleum Projects & Technical Consultations Company’s (PETROJET) Chairman Waleed Lotfy reviewed the most important activities and business results during 2024 for the company, which this year marks the 50th anniversary of its establishment in 1975, explaining that the company's work comes as a translation of the pillars of its strategic plan 2022/26.
Egypt is actively seeking investors to tap into the significant potential of its undeveloped hydrocarbon discoveries in the Mediterranean Sea. Through the Egypt Upstream Gateway (EUG), the government has highlighted a cluster of promising assets, identified as Cluster 1 (Rahamat-Aten-Meret), presenting a compelling opportunity for those seeking high-impact investments in the energy sector.
Minister of Petroleum and Mineral Resources Karim Badawi presided over the general assembly meeting of the Egyptian Fajr Natural Gas Company to review its fiscal year results for 2024.
ExxonMobil Egypt has recently celebrated milestones achieved in 2024 during its annual lubricants and fuel conference, underscoring its commitment to sustainable growth and high-quality products.
