The Chairman and CEO of MIDOR, Amr Lotfy, reported a 63% increase in net profit after tax, amounting to $129 million in 2024. This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), atte...
The Chairman of the Egyptian Natural Gas Company (GASCO) Yasser Salah El Din stated that the company is working on several strategic pillars of the Ministry of Petroleum and Mineral Resources (MoPMR), especially in me...
Khalda Petroleum Company Chairman Saeed Abdel Moneim reviewed the most important performance indicators and targets for the next fiscal year (FY), indicating that it is planned to invest approximately $1 billion durin...
Minister of Petroleum and Mineral Resources Karim Badawi confirmed that integrating new gas wells within the tenth phase of the West Delta Deep Marine (WDDM) development area into the production mapĀ and their connect...
Ganoub El Wadi Petroleum Holding Company (Ganope) Chairman Ashraf Bahaa announced a strategic partnership with the Egypt Upstream Gateway (EUG) digital platform to present 15 investment opportunities. Currently, 11 ag...
Agiba Petroleum Company Chairman Tharwat El Gendy stated that the proposed budget of his company for the fiscal year (FY) 2025/26 amounted to $641.3 million with a plan to produce 24,000 barrels of oil per day (bbl/d)...
The health, safety, and environment (HSE) projects as well as the replacement and renewal projects came on the top priorities of the planning budget for Amreya Petroleum Refining Company (APRC) and Alexandria Petroleu...
Cairo Oil Refining Company (CORC) Chairman Wael Rizk announced that the company targets an investment budget estimated at EGP4.471 billion during the next fiscal year (FY) 2025/26 which will be dedicated to implementi...
Assiut Oil Refining Company (ASORC) Chairman Maged El-Kordy stated that ASORC aims in its investment budget of the next fiscal year (FY) 2025/26 to refine 4.2 million tons of crude oil with the aim of fully exploiting...
Suez Oil Processing Company (SOPC) Chairman Hesham Fathy reviewed the company’s targets and investments during the next fiscal year (FY) 2025/25 to enhance production performance. Fathy highlighted that the high...