Growth | Egypt Oil & Gas - Part 2
Centamin Announces Second Year of Reserve Growth at Sukari
Centamin has announced the second year of reserve growth at Sukari, driven by a 33% increase in underground reserves, the company said in a statement. “Today’s announcement marks the second consecutive year of resourc...
OPEC Sticks to Its Strong Oil Demand Growth Forecasts for 2022, 2023
OPEC maintained its predictions for strong growth in global oil demand in 2022 and 2023, citing indications that major economies were performing better than anticipated despite challenges including rising inflation, R...
Bahrain to Import LNG To Meet High Demand
Bahrain disclosed that it seeks to import at least five or six cargoes of liquefied natural gas (LNG) in 2025 to meet the rising demand during summer, Bloomberg reported citing Mark Thomas, CEO of Nogaholding, which m...
NISOC Production Grows by 600,000 bbl/d During Raisi Administration
The CEO of the National Iranian South Oil Company (NISOC) announced that its field production has grown by 600,000 barrels per day (bbl/d) under the Raisi administration, Shana news agency stated citing IRNA. NISOC CE...
EMC Business Grows By 118% in 2021
Egypt Maintenance Company (EMC) announced that it has achieved EGP 14. 4 billion worth business during 2021, an increase of 118% from the previous year, a press release issued by the Ministry of Petroleum and Mineral...
Egypt’s Petrochemicals Revenues Grow by 50% in FY 2020/21
Fitch Solutions announced that Egypt’s petrochemical production has reached 3.34 million tons during the fiscal year (FY) 2020/21, achieving 50% growth in its revenues on an annual basis, the Information and Dec...
Iran’s Petrochemical Production Grows by 8% in Six Months
The production control manager of the Iranian National Petrochemical Company (NPC), Seyed Jalal Mirhashemi, announced that Iran has achieved growth in its petrochemical production, reaching 8% year-on-year (YoY) durin...
ADNOC Distribution Records Net Profit of AED 631 million in Q1
ADNOC Distribution company announced that it’s EBITDA ( Earnings Before Interest, Taxes, Depreciation, and Amortization ) for Q1 2021 is AED 740 million, with net profit of AED 631 million, a press release repor...
