budget | Egypt Oil & Gas

SOPC Achieves Highest Safety Procedures

Suez Oil Processing Company (SOPC) Chairman Hesham Fathy reviewed the company's targets and investments during the next fiscal year (FY) 2025/25 to enhance production performance.

Norpetco Proposes $117.9 M Estimated Budget for FY 2025/26

The North Baharia Petroleum Company (Norpetco) held its General Assembly meeting on January 26th to discuss and approve the amended budget for the fiscal year (FY) 2024/25 and the original budget for FY 2025/26.

Petroshahd Plans $31M in Investments in 2025/26

This came during the routine General Assembly of Petroshahd Company was held on January 11th, 2025, at the headquarters of the Egyptian General Petroleum Corporation (EGPC), headed by EGPC Chairman Salah Abdel Ker ...

ESHPETCO, Petro El Mallaha Investment Budget Estimated at $27M for 2025/26

A routine general assembly of Esh El Mallaha Petroleum Company (ESHPETCO) and Petro El Mallaha company was held for the fiscal year (FY) 2025/26 in the presence of Salah Abdel Karim, CEO of the Egyptian General Pe ...

OSOCO, Mansoura Petroleum Company Produces 1.3 mboe in H1 2024/25

Offshore Shukheir oil Company (OSOCO) and Mansoura Petroleum Company succeeded in producing 1.3 million barrels of oil equivalent during the first half of 2024/25, at an average of 6,900 barrels of oil equivalent ...

$2 Million Budget Increase Approved for Magapetco to Drill More Wells in FY 2024/25

An increase in investments has been approved in the budget of Magawish Petroleum Company (Magapetco) to drill more production wells during the current fiscal year (FY) 2024/25 as part of plans to increase producti ...

El Molla Reviews ECHEM 2023/24 Budget

Minister of Petroleum and Mineral Resources Tarek El Molla stated that there are many vital projects with high added value implemented by the petroleum sector in the fields of the petrochemical industry, with the ...

House of Representatives Approves SCZONE’s General Budget for FY 2022/23

The Egyptian House of Representatives approved The Suez Canal Economic Zone (SCZONE)'s general budget for fiscal year (FY) 2022/23 at a value of EGP 42 billion.

Egypt Allocates EGP 3.5B to Deliver Natural Gas in FY 2022/23 Budget

The Egyptian Finance Ministry announced that the country has allocated EGP3.5 billion in its budget of the fiscal year (FY) 2022/23 to deliver natural gas to the households.

EGP30 Billion Allocated for Developing Public Petroleum Companies in 2022/23

The Minister of Petroleum and Mineral Resources Tarek El Molla has announced that Egypt allocated EGP 30 billion for the first time in the budget of the fiscal year (FY) 2022/23 to develop the petroleum companies ...

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