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.
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.
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.
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.
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.
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).