General Assembly | Egypt Oil & Gas - Part 9

GEMPETCO, ZAFCO Production Reaches 1.7 mmbl During 2023/24

Mohamed El Meligy, the Chairman of Gemsa Petroleum Company (GEMPETCO), has stated that the total production of GEMPETCO and Zaafarana Oil Company (ZAFCO) reached 1.7 million barrels (mmbbl) during the fiscal year ...

Badawi Encourages EDC to Continue Raising Rig Fleet Efficiency

Minister of Petroleum and Mineral Resources Karim Badawi has commended Egyptian oil and gas sector companies operating abroad for their outstanding performance and operational efficiency.

Egyptian Soda Ash Company Reviews Operational Results During First General Assembly

The Egyptian Soda Ash Company has held its first ordinary general assembly, in attendance of Minister of Petroleum and Mineral Resources Karim Badawi, to approve its operational results for the fiscal year (FY) 20 ...

Petromaint’s Net Profits Grow by 165% YoY

Revenues also increased to EGP 5.2 billion, compared to EGP 3.7 billion in 2022, an increase of 41%. Additionally, the company’s net profits rose to EGP 342 million, compared to EGP 129 million, an increase of 165 ...

Wadico Total Activity Revenues Reached EGP 712M in 2023

The New Valley Company for Mineral Resources and Oil Clay (Wadico) has held its general assembly meeting to approve the results of the work for the year 2023.

IDM Annual Revenues Reach $98M in 2023

The International Drilling Material Manufacturing Company (IDM) has held its general assembly meeting to approve the results of the company’s work for the year 2023, with the participation of Minister of Petroleum ...

Tanmia Petroleum Achieves EGP 335M in Total Activities Profits in 2023

Tanmia Petroleum Company has held its general assembly meeting in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla to discuss and approve the business results for the year 2023.

EMC Achieves EGP 8.8B in Revenues in 2023

During the General Assembly, the company’s Chairman, Khaled Ibrahim pointed to the success of EMC in achieving an increase in the volume of revenues and contracts inside and outside Egypt in 2023. This comes as it ...

PetroSafe Revenues Reach EGP 670M in 2023

The Petroleum Safety and Environmental Services Company (PetroSafe) has held a general assembly meeting to approve the results of its work for the year 2023 in the presence of the Egyptian General Petroleum Corpor ...

Town Gas Achieves EGP 4B in Revenues

The company achieved total revenues amounting to approximately EGP 4 billion and a net profit exceeding EGP 112 million, an increase of 57% over the previous year, in a first for the company.

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