Petromaint’s Profits Leap 24% in 2020
Petromiant company has announced that its net profit increased by 24% for the first time during 2020.
General Assembly | Egypt Oil & Gas - Part 20
EDC’s Onshore Market share Increases 80% in 2020
The Egyptian Drilling Company (EDC) has announced that it managed to increase it market share within the onshore drilling market by 80% during 2020 despite the challenges of the pandemic compared to 60% in 2019.
Petroleum Arrows Transports 11 MM Liter of Petroleum Products Daily in 2020
Petroleum Arrows Company transported about 11 million liter of petroleum products per day during 2020, representing 25.5%, according to a press release.
EPROM Achieves Highest Performance Rates in 2020
The Egyptian Projects Operation and Maintenance (EPROM) Company has achieved the highest rates of performance, and assets’ preservation in its various sites during 2020, according to a press release.
EGAS: Natural Gas Production to Reach 7.2 bcf/d
The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.
PMS Implements 87 Projects Worth $171 MM
Petroleum Marine Services company (PMS) announced that it has implemented 87 projects worth $171 million at the highest quality and at their time line despite coronavirus pandemic during 2020.
GUPCO to Invest $562 MM in FY 2020/21
The Chairman of Gulf of Suez Petroleum Company (GUPCO), Mohamed El Meligy, stated that the company has allocated $562 million its planning budget for the fiscal year (FY) 2020/2021 for investments to implement pro ...
GPC Crude Oil Production Exceeds 64,500 bbl/d for the First Time
Tarek El Molla, the Minister of Petroleum and Mineral Resources, confirmed his support to the General petroleum company praising its production achievements of oil which exceeded 64,500 b/d for the first time desp ...
Petro Amir, Petro Safe Report Startling Results
Petro Amir Petroleum Company has announced that its achieved 102% of the set plan targeting to increase the production by drilling developmental well (Gyad 7) with investments $2 million in addition to another dis ...
BAPETCO Produces 114,000 bbloe/d During FY 2019/20
The Chairman of Badr El Din Petroleum company (BAPETCO), Salah Abdel Kerim said that the rate of production of his company reached 114,000 barrels of oil equivalent per day (boe/d) including more than 38 barrels o ...
