operational results | Egypt Oil & Gas - Part 2

AMOC Scores 262% Increase in Net Profits in FY 2021/22

Alexandria Mineral Oils Company (AMOC) Chairman Amr Lotfy announced that his company’s profits have increased by 262% during fiscal year (FY) 2021/22, recording EGP 1 billion compared to EGP 399 million in the las ...

Abu Qir Fertilizers Achieves Profits of EGP 9B in FY 2021/22

Abed Ezz El Regal, the Chairman of Abu Qir Fertilizers Company (AFC), declared that his company has achieved growth in its profits worth 158% reaching EGP 9 billion during fiscal year (FY) 2021/22, compared to EGP ...

PhPC Achieves 163 bcf of Natural Gas Sales

Hossam Zaki, the Chairman of the Pharaonic Petroleum Company (PhPC), announced that his company has achieved the planned production rates by 100%, recording 163 billion cubic feet (bcf) of natural gas sales in add ...

Zohr Field Production Reaches New Record of ٌ2.7 bcf/d

Petroshrouk Chairman Khaled Mowafy announced Zohr field achieved record success during fiscal year (FY) 2021/22 since its start in FY 2017/18, with production reaching 2.7 billion cubic feet per day (bcf/d) of nat ...

SDX Energy’s H1 Production Reaches 3,724 boe/d

SDX Energy announced that it has produced 3,724 barrels of oil equivalent per day (boe/d) during the six months ended in June 2022, which is higher 2% than the mid-point of the full year guidance estimated at 3,48 ...

Tharwa Breda Produces 222 Wellhead Units in 2021

Tharwa Breda Petroleum Services Company (TBPSCO) announced that it has produced 222 wellheads during 2021, achieving an increase in its revenues by 53% compared to 2020.

Aramco Achieves Net Income Worth $110B in 2021

Saudi Arabia's Aramco announced that it has achieved a jump in its net profits which more than doubled year-on-year (YoY) by 124% to $110 billion in 2021 compared to $49 billion in 2020.

SDX’s Production Exceeds Expectations for H1 2021

SDX company has achieved production of 5,931 barrels of oil equivalent per day (boe/d) during H1 2021,
3% higher than the midpoint guidance of 5,770 boe/d.

TransGlobe Produces 10,727 boe/d from Egypt’s Assets in Q2 2021

TransGlobe Energy company announced that it recorded average production of 10,727 barrels per day (bbl/d) during Q2 2021.

ADNOC Distribution Records Net Profit of AED 631 million in Q1

ADNOC Distribution company announced that it has achieved net profit worth AED 631 million during Q1 of 2021 including Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of AED 740 million.

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