General-Assembly meeting | Egypt Oil & Gas

SIDPEC Increases Capital by 25% to EGP 2.27Bn

Sidi Kerir Petrochemicals Company (SIDPEC) raised its issued capital to EGP 2.268 billion from EGP 1.814 billion, a move financed from the company's 2024 net profits as reflected in its financial statements for th ...

Abu Qir Fertilizers Expands Exports to 22 Countries, Cuts 1.3MT of CO₂ Emissions in FY 2024/25

Abu Qir Fertilizers and Chemical Industries Company supplied the Ministry of Agriculture with 17 million fertilizer bags and exported its production to 22 countries, generating foreign currency revenues of $317 mi ...

PhPC Beats Output Target, Averaging 76,100 boe/d in FY 2024/25

The Pharaonic Petroleum Company (PhPC) recorded an average output of 76,100 barrels of oil equivalent per day (boe/d), exceeding its approved production plan by 119% for fiscal year (FY) 2024/2025, said chairman H ...

Petrobel Resumes Drilling at Zohr Field,  Petroshrouk  Targets Producing 144,000 boe/d

During the general assembly meeting, the Chairman of Belayim Petroleum Company (Petrobel) Khaled Mowafy affirmed the resumption of drilling at the Zohr field after the arrival of the Saipem 10000 drilling rig in E ...

BORAPETCO Reports Record Performance in FY 2024/25 Production Plan

The Chairman of Borg El-Arab Petroleum Company (BORAPETCO), Sami El Shahat, announced that the company has achieved significant growth in implementing its production plan for the current fiscal year (FY) 2024/25.

Egypt’s Petrochemical Industry Takes Significant Strides Toward Self-Sufficiency

Minister of Petroleum and Mineral Resources Karim Badawi has affirmed the significant role of the petrochemical industry as an essential component of the national economy and a base for promoting local industries ...

AMOC Reports Robust FY 2023/24 Performance, Plans New Projects to Enhance Productivity and Energy Efficiency

The Chairman of Alexandria Mineral Oils Company (AMOC) Amr Lotfy has announced that the company has achieved net profits in its consolidated financial statements reaching EGP 1.699 billion, while it recorded incre ...

GUPCO Average Production Reaches 57,000 bbl/d in FY 2023/24

Chairman of Gulf of Suez Petroleum Company (GUPCO) Salah Abdel Kareem has announced that the company’s average production recorded 57,000 barrels per day (bbl/d) during the fiscal year (FY) 2023/24 and pumped inve ...

Modern Gas Achieves Revenues of EGP 2.45B in 2022

Chairman of Modern Gas Mohamed Qandil stated that the company has achieved revenues of EGP 2.45 billion in 2022 which increased by 9.6% compared to the previous year.

AMOC Scores 262% Increase in Net Profits in FY 2021/22

Alexandria Mineral Oils Company (AMOC) Chairman Amr Lotfy announced that his company’s profits have increased by 262% during fiscal year (FY) 2021/22, recording EGP 1 billion compared to EGP 399 million in the las ...

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