El Molla Issues New Promotions
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new appointments and promotions.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new appointments and promotions.
Alexandria National Refining & Petrochemical Company (ANRPC) produced 878,000 tons of high-octane gasoline and approximately 22,500 tons of butane in fiscal year (FY) 2016/2017
The Fayoum and Giza fields will begin production by the end of 2018, adding 500-700 million standard feet per day (mscf/d) to Egypt’s domestic production.
Egyptian and World Bank officials met to review oil and gas projects that have received World Bank financing and to discuss future investment opportunities.
During fiscal year (FY) 2016/2017, Ganoub El Wadi Petroleum Company (Ganope) drilled 13 exploratory new wells.
The Egyptian Petrochemicals Holding Company (ECHEM) increased its revenues in fiscal year (FY) 2016/2017 to EGP 1.141 billion, a 56.6% increase from FY 2015/2016.
Petroleum Gas Company (Petrogas) sold 4.4 million tons of butane in Egypt’s domestic market and boosted butane storage capacity to 134,800 tons during fiscal year (FY) 2016/2017.
Cairo Oil Refining Company (CORC) refined 4.6 million tons of crude oil in fiscal year (FY) 2016/2017.
Assuit Oil Refining Company (ASORC) refined 3.8 million tons of crude oil during fiscal year (FY) 2016/2017, according to the Head of ASORC, Nagy Abdel Ghaffar.
Egypt’s state-owned General Petroleum Company (GPC) increased its production by 5% to reach a production rate of 86,400 barrels of oil equivalent per day (boe/d) in fiscal year (FY) 2016/2017).