Growth | Egypt Oil & Gas

Korra Energi Reports 42.5% Surge in Gross Profit in Q1 2026

Energy solutions firm Korra Energi,  reported a 42.5% year-on-year (YoY) increase in gross profit to EGP 373 million during the first quarter (Q1) of 2026, backed by the positive performance of the energy and cons ...

Egypt’s Petroleum Sector Records First Growth Since Q1 FY2023/24

The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive growth rate  since the first quarter of FY2023/2024, said Ahmed Rostom, Minister of Pla ...

Eni Reports 9% Production Surge Q1 2026

Global energy major Eni reported oil and gas production growth by 9% in the first quarter (Q1) of 2026, supported by project ramp-ups in West Africa and Norway, alongside new start-ups in Angola. The increase came ...

Solar Leads Global Energy Growth as Electricity Demand Surges, IEA Says

The International Energy Agency (IEA) said solar power and battery storage reached record deployment levels in 2025, marking a structural shift toward a global “Age of Electricity,” according to its latest Global ...

Town Gas Records 20% Revenues Growth in FY 2025

Town Gas recorded total revenues of approximately EGP 4.8 billion during fiscal year (FY) 2025, a 20% increase compared to EGP 4 billion the previous year. Mohamed Fathy, the company’s Chairman, reported these fig ...

ADNOC Distribution’s Net Profit Up 12% in H1 2025 YoY

ADNOC Distribution financial results of H1 2025 showed growth in its net profits by 12% year-on-year (YoY) to $358 million. The company also achieved the highest earnings before interest, taxes, depreciation, and ...

Eni’s Production Up 1.3% Sequentially in Q2 2025, Expecting Growth in 2025

Eni's production went down by 2.6% in Q2 2025 compared to Q2 2024; however, it increased by 1.3% sequentially, confirming the positive outlook for the year.
According to the company's results, it achieved ne ...

ADNOC Distribution Records 16% Profit Growth YoY during Q1 2025

ADNOC Distribution, one of Abu Dhabi National Oil Company (ADNOC) subsidiaries and the UAE’s largest fuel and convenience retailer, reported a growth in its net profit by 16%, to reach $174 million during Q1 2025, ...

ADNOC Drilling Records 32% Increase in the Revenue in 2024

ADNOC Drilling announced that the full-year revenue increased significantly to a record $4.034 billion, rising by 32% year-on-year and its full-year EBITDA reached a record high of $2.01 billion, up 36% year-on-ye ...

CEC Aims for 15% Annual Export Growth

Egypt's Chemical and Fertilizers Export Council (CEC) is scheduled to present, during the upcoming meeting of the Prime Minister with the heads of export councils during the coming period, its own vision for achie ...

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