Algeria’s Sidi Rezine Output Reaches 3.645 MM Tons

• Tuesday, 25th February 2020
• by Editorial Team

  Sidi Rezine has restarted its operations and increased its annual output to reach 3.645 million tons, up from 2.7 million tons, according to Reuters. The Algerian oil refinery was shut down in 2018 for the mode...

KNPC Requests Contract Renewal with Mitsubishi 

• Monday, 20th January 2020
• by Editorial Team

Kuwait National Petroleum Company (KNPC) has requested a contract renewal with Mitsubishi Hitachi Power Company, according to Arab Times. Under the contract renewal, Mitsubishi would work towards upgrading the boilers...

 ERC to Receive $76 MM By the End of December

• Tuesday, 3rd December 2019
• by Fatma Ahmed

The Deputy CFO of the Egyptian Refining Company (ERC), Aliaa Heikal, announced that her company targets to receive $76 million from Japanese and Korean banks by the end of December 2019, according to Amwal El-Ghad. Th...

EGPC, Sonker Amend Trading Categories of Diesel, Butane

• Tuesday, 19th November 2019
• by Editorial Team

The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of a contract amending the trading categories of diesel and butane at Sonker’s bulk terminal, according to a press release. The am...

Copetrole Gains EGP 50 Billion in FY 2018/19

• Tuesday, 17th September 2019
• by Editorial Team

The Co-Operation Petroleum Company (Copetrole) gained revenues reaching EGP 50 billion and sold nearly 6.7 million tons of gasoline and diesel out of total sales that reached 7.5 million tons during the Fiscal Year (F...

EGPC to Raise Fuel Inflows During Eid

• Thursday, 8th August 2019
• by Editorial Team

The government will increase gasoline supplies pumped to the local market during Eid Al-Adha feast, by around 10% to nearly 25 million liters per day, according to Abed Ezz El Regal, the Egyptian General Petroleum Cor...

Fuel Consumption Decreases by 5% in July

• Monday, 5th August 2019
• by Editorial Team

Fuel consumption declined by 5% during July, following the introduction of the automatic fuel pricing mechanism, a source in Misr Petroleum Company reportedly told Amwal Al-Ghad. Total petroleum products consumption d...

Diesel Consumption Reaches 1.18 MM Tons per Month

• Tuesday, 25th June 2019
• by Editorial Team

Diesel consumption across Egypt reached 1. 18 million tons per month before liberating fuel prices, Amwal El-Ghad reported, citing sources at the Egyptian General Petroleum Corporation (EGPC). Supplies have been recen...

Petroleum Ministry to Raise Pumped Fuel During Eid

• Monday, 3rd June 2019
• by Mai El Ghandour

Pumped fuel rates will increase by up to 20% during Eid Al-Fitr holiday, where 25 million liters per day will be injected to the market instead of 20 million liters, Abed Ezz El-Regal, CEO of Egyptian General Petroleu...

Petroleum Ministry Increases Petroleum Products in the Market

• Tuesday, 30th April 2019
• by Sarah Samir

The Egyptian Ministry of Petroleum is preparing for Ramadan through increasing the petroleum products amounts pumped into the local market by 15 to 20%, while placing extensive monitoring on distribution from refineri...