AMOC’s Profits Rise 153%
Alexandria Mineral Oils Company (AMOC) produced EGP 8.5 billion petroleum products in fiscal year (FY) 2016/2017 with a net profit of EGP 1.1 billion, a 153% increase in profits from FY 2015/2016.
Egypt | Egypt Oil & Gas - Part 338
ANRPC Produces 900,000 Tons of Petroleum Products
Alexandria National Refining & Petrochemical Company (ANRPC) produced 878,000 tons of high-octane gasoline and approximately 22,500 tons of butane in fiscal year (FY) 2016/2017
Fayoum, Giza Fields to Increase Gas Production by 500-700 mscf/d
The Fayoum and Giza fields will begin production by the end of 2018, adding 500-700 million standard feet per day (mscf/d) to Egypt’s domestic production.
Egypt Produces 626,000 b/d of Crude & Condensates
Egypt produced an average of 626,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2016/2017.
Egyptian, World Bank Officials Meet to Discuss Cooperation
Egyptian and World Bank officials met to review oil and gas projects that have received World Bank financing and to discuss future investment opportunities.
EGAS Reports New Discoveries, 1.63 tcf of Sales
The Egyptian Natural Gas Holding Company (EGAS) made four new discoveries in the Mediterranean Sea and Nile Delta during fiscal year (FY) 2016/2017
MIGA to Provide $210M in Guarantees for Solar Project
The Executive Board of the Multilateral Investment Guarantee Agency (MIGA) approved $210 million worth of financial guarantees for international companies participating in an Egyptian solar project.
E&P Activities to be Exempted from VAT
The Egyptian Ministry of Finance is preparing a list of oil and gas exploration-and-production (E&P) activities to be exempted from the value-added tax (VAT).
Ganope Drills 13 Exploratory Wells
During fiscal year (FY) 2016/2017, Ganoub El Wadi Petroleum Company (Ganope) drilled 13 exploratory new wells.
Egypt Highlights Economic Opportunities for Bahrain
The Egyptian Minister of Finance, Amr El Garhy, participating in the International Institute for Strategic Studies (IISS) Geo-Economic Forum, highlighted the complementary nature of the Egyptian and Bahraini econo ...
