Egypt Gas Company is seeking an 8% profit increase to EGP 26.57 million by the end of 2019, up from EGP 24.57 million currently.

Following a decrease in the volume of projects, contracts and occupancy rates, Maridive and Oil Services (MOIL) Egypt, faces a tough fiscal position. MOIL recently completed most of its contracts, including Aramco Saudi and the Indian project Onge and revenues from the projected during the second quarter of 2012 have come to a halt.