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 constructi...
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(Q1) of FY2023/2024, said Ahmed Rostom, Minister of Plan...
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 des...
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 Ener...
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 figures...
ADNOC Distribution’s Net Profit Up 12% in H1 2025 YoY
ADNOC Distribution’s net profits increased by 12% year-on-year (YoY) in H1 2025 to $358 million, according to the company’s financial results. The company also achieved the highest earnings before interest...
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 ...
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, com...
