General Assembly

Petrojet Profits Exceed EGP 23 B in 2017

The Petroleum Projects and Technical Consultations Company (Petrojet) recorded profits of EGP 23 billion during 2017, a 91% year-on-year (Y.o.Y) increase.

Gasco Distributes 58 bcf Natural Gas in 2017

Egyptian Natural Gas Company (Gasco) successfully received and distributed 58 billion cubic feet of natural gas to different sectors of the local market during 2017.

Ethydco Sells 351,000 Tons of Polyethylene in 2017

The Egyptian Ethylene and Derivatives Company (Ethydco) sold 351,000 tons of polyethylene in 2017, 89,000 tons of which were sold in local markets.

Midor Refines 40.5 M Barrels of Crude Oil in 2017

Middle East Oil Refinery (Midor) refined 40.5 million barrels of crude oil in 2017 and contributed in providing over 3 million tons of different petroleum products to the local market worth around $1.4 billion.

PMS Signs 35 Contracts Worth $276 M in 2017

Petroleum Marine Services (PMS) signed 35 contracts worth $276 million, reaching its highest contracting rate since the day of its establishment, said Al Sayed Al Badawy, Head of PMS.

Petrogas to Fill 3.9 M Tons of Butane in 2018/2019

Petroleum Gas Company (Petrogas) plans to fill around 3.9 million tons of butane during fiscal year (FY) 2018/2019 in order to meet local market’s demands, Petrogas’ Head, Adel Al Shuwaikh, stated.

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

Ganope Drills 13 Exploratory Wells

During fiscal year (FY) 2016/2017, Ganoub El Wadi Petroleum Company (Ganope) drilled 13 exploratory new wells.

ECHEM Revenues Reach EGP 1.141B

The Egyptian Petrochemicals Holding Company (ECHEM) increased its revenues in fiscal year (FY) 2016/2017 to EGP 1.141 billion, a 56.6% increase from FY 2015/2016.

Petrogas Sells 4.4M Tons of Butane

Petroleum Gas Company (Petrogas) sold 4.4 million tons of butane in Egypt’s domestic market and boosted butane storage capacity to 134,800 tons during fiscal year (FY) 2016/2017.

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