Annual Results | Egypt Oil & Gas

EGAS to Drill 16 Wells, Targeting 6 Tcf in FY26/27

The Egyptian Natural Gas Holding Company (EGAS) added 28 new wells to Egypt’s gas production map through nine development projects, with investments totaling $1.12 billion, during fiscal year (FY) 2025/26, EGAS Execut...

Korra Energi Reports 42.5% Surge in Gross Profit in Q1 2026

Energy solutions firm Korra Energi reported a 42.5% year-on-year (YoY) increase in gross profit to EGP 373 million during the first quarter (Q1) of 2026, backed by the positive performance of the energy and constructi...

ECMR’s Revenues Grow by EGP 92M During FY 2023/24

Egyptian Company for Mineral Resources (ECMR) Chairman Hany Mostafa stated that the company’s revenues recorded an increase of 36%, equivalent to EGP 92 million, reaching EGP 1,098 billion during the fiscal year (FY) ...

OAPEC Highlights Annual Results, Restructure plans at 110th Ministerial Meeting

Organization of Arab Petroleum Exporting Countries (OAPEC) has conducted its 110th ministerial meeting in Kuwait headed by the Naseer Aziz Gabbar, the representative of Iraq at OAPEC’s Executive Office as Iraq is the ...

OAPEC Ministerial Meeting Discusses Preparations for12th Arab Energy Conference

The Organization of Arab Petroleum Exporting Countries (OAPEC) held a ministerial meeting to discuss preparations for the 12th edition of the Arab Energy Conference which will be held in Qatar during Q4 2023 in additi...

Wintershall Dea Q1 2022 Results: Strong Performance Despite Russia-Ukraine Conflict

Wintershall Dea demonstrated strong operational and financial performance for Q1 2022 even with the economic fallout of the Russia-Ukraine war, according to the company’s latest report. Wintershall Dea’s Chief F...

Wintershall Dea Decides to Keep Its Assets in Russia

Wintershall Dea’s CEO Mario Mehren announced that his company decided to keep its projects in Russia after conducting intensive discussions . This announcement was made during the Wintershall Dea’s press confere...

EMC Business Grows By 118% in 2021

Egypt Maintenance Company (EMC) announced that it has achieved  EGP 14. 4 billion worth business during 2021, an increase of 118% from the previous year, a press release issued by the Ministry of Petroleum and Mineral...

Eni Achieves Highest Net Profit of EUR 4.7 billion Since 2012

Eni announced that it has achieved the highest adjusted net profit in 2021 reaching EUR 4.7 billion since 2012, the company disclosed in a press release. The company pointed out that the increase in its profits was du...

Khalda Petroleum Achieves 4 Oil Discoveries in 2020/21

Khalda Petroleum Company has made 4 new oil discoveries, recording total reserves of around 21 million barrels of oil equivalent (mmboe), the company’s chairman, Saeed Abdel Moniem, announced during the general assemb...

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