Misr Petroleum Company | Egypt Oil & Gas - Part 2

Copetrole, Misr Petroleum State FY 2020/2021 Goals

The general assemblies of Cooperation Petroleum company (Copetrole) and Misr Petroleum Company were held on January 19, to approve their budget planning of fiscal year (FY) 2020/2021, headed by the Minster of Petroleu...

Butagasco, Misr Petroleum Ink Cooperation Protocol

The Egyptian Company for Gas Transferring and Deliverance (Butagasco) and Misr Petroleum company inked a cooperation protocol for oil supply, according to Ahram gate. The protocol was signed by Amr El Metwaly, Butgasc...

Misr Petroleum Allocates EGP 155 M to Establish New Filling Stations

Misr Petroleum Company has allocated EGP 155 million for establishing 160 filling stations during fiscal year (FY) 2018/19 fiscal. The company has started to develop a number of its 1350 filling stations across the co...

Misr Petroleum Adds 33 Fuel Outlets

Misr Petroleum Company increased its operations during fiscal year (FY) 2016/2017, adding 33 new fuel outlets, bringing its total number to 1336, according to the Head of Misr Petroleum Company, Mohamed Shaaban, Egypt...

Misr Petroleum to Add 60 Fuel Stations

Misr Petroleum Company will add 60 new fuel stations in fiscal year (FY) 2017/2018, sources at the Ministry of Petroleum and Natural Resources told Amwal Al Ghad. The company will invest EGP 300 million to accomplish ...

Sales of 92-Octane Gasoline Fell by 10%

Egypt witnessed a 10% drop in the sale of 92-octane gasoline during July 2017, Mohamed Shaban, Chairman of Misr Petroleum Company, said on August 6th, according to Amwal Al Ghad. Misr Petroleum’s sales fell to 1.8 mil...

Misr Petroleum Invested $3b in Suez Canal

Suez Canal Economic Zone Authority’s Chairman, Ahmed Darwish, stated to Al Mal News that Misr Petroleum Company’s investment reached an amount of $3b in the Suez Canal Area. The investments covered work on...

Misr Petroleum Denies Rumors of Cheated Fuel Supply

The Chairman of Misr Petroleum Company, Mohamed Sha’ban, denied the rumors that spread on social media saying that “the company is providing cheated fuel in one of Heliopolis gas stations,” according...

Oil Firms Seek EGP 1.25b Loan from NBE

State-owned Misr Petroleum Company and Petroleum Cooperative Society Company (COOP) seek to obtain an EGP 1.25b loan from the National Bank of Egypt (NBE) in order to support the working capital turnover and pay dues ...

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