Egypt | Egypt Oil & Gas - Part 160

MOPCO Revenues Increase by 40% in 2021

Misr Fertilizer Production Company (MOPCO) announced that it had achieved total revenues of around EGP 10.3 billion in 2021, an increase of 40% over the previous year.

TransGlobe Releases Operational Update for Q1 2022

According to the company's production Summary, TransGlobe's production from Egypt reached a year-to-date (YTD) average of 10,045 barrels of oil equivalent per day (boe/d). In Egypt production was impacted by poor ...

Petrojet’s Revenues Reach EGP 34.2B in 2021

El Molla explained that the implementation of the ministry's strategy reflected positively on the success of Petrojet's plan during the past five years and its achievement of tangible results that speak for themse ...

El Molla, EU Ambassador Discuss Development Efforts, COP 27

Minister of Petroleum and Mineral Resources, Tarek El Molla, received Christian Berger, the Ambassador of the European Union (EU) in Cairo, and his accompanying delegation, where they reviewed areas of joint coope ...

Tanmia Petroleum Profits Increase by 50% in 2021

Tanmia Petroleum’s Chairman and Managing Director, Ahmed Bahgat, reviewed the company’s activity during 2021 and what it included in achieving an increase in the company’s profits by 50 percent over the year befor ...

Town Gas Revenues Record EGP 3 B in 2021

The Egyptian Company for the Distribution of Natural Gas for Cities (Town Gas) held a general assembly meeting to approve the results of its work during 2021, in the presence of Magdy Galal, Chairman of the Egypti ...

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

El Molla Appoints New Chairman for Petrosport

Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a decree assigning Ayman Farouk Hassan Saad as Chairman of Petrosport.

El Molla Inaugurates Gastec’s SCADA System

Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the remote monitoring and control system (SCADA System) for the natural gas car refueling stations affiliated with Gastec.

Sisi Meets with Eni Delegation

President Abdel Fattah El Sisi received a delegation from the Italian oil company Eni headed by Claudio Descalzi, CEO of the company, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources. ...

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