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
The Egyptian Natural Gas Holding Company (EGAS) made four new discoveries in the Mediterranean Sea and Nile Delta during fiscal year (FY) 2016/2017
During fiscal year (FY) 2016/2017, Ganoub El Wadi Petroleum Company (Ganope) drilled 13 exploratory new wells.
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.
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.
Cairo Oil Refining Company (CORC) refined 4.6 million tons of crude oil in fiscal year (FY) 2016/2017.
Egypt’s state-owned General Petroleum Company (GPC) increased its production by 5% to reach a production rate of 86,400 barrels of oil equivalent per day (boe/d) in fiscal year (FY) 2016/2017).