operational results | Egypt Oil & Gas - Part 6

Dana Gas Records Net Profit of $31 MM in Nine Months

Dana Gas announced that it has generated a net profit of $31 million during the first nine months of 2020, excluding one-off non-Cash impairments and other income items, according to the company’s press release. Patri...

ECHEM Adds Seven New Projects to 2020-2035 Petrochemical Plan

Saad Helal, the Chairman of Egyptian Petrochemicals Holding Company (ECHEM), stated that his company is rapidly working on implementing a number of seven new projects to the national plan for the period of 2020-2035, ...

GPC Crude Oil Production Exceeds 64,500 bbl/d for the First Time

General Petroleum Company (GPC) has succeeded in achieving a new record for its crude oil production, which exceeded 64,500 barrels per day (bbl/d) for the first time despite the challenges of coronavirus, a press rel...

Qarun Petroleum Pumps Investments Worth $190 MM in 2019/20

The Chairman of Qarun Petroleum Company, Ashraf Abdel Gawad, said that his company has pumped investments during the fiscal year (FY) of 2019/20 worth $190 million, according to a press release. He elaborated that the...

 Petro Amir, Petro Safwa Report Startling Results

Petro Amir Petroleum Company has announced that it has achieved 102% of the set plan targeting to increase the production by drilling developmental well (Gyad 7) with investments $2 million in addition to another expl...

South Disouq Raises SDX Production by 117% in Q1 2020

SDX company announced that its entitlement production recorded 8,061 barrel of equivalent per day (boe/d) which is increased by 117% during Q1 2020, compared to 3,715 boe/d produced in Q1 2019 despite coronavirus outb...

BP Profits Drop to $0.8 B in Q1 2020

BP announced that it recorded a drop in its underlying replacement cost profit for Q1 2020 to $800 million, down from $2.4 billion in the same period in 2019, according to a press release. The company said that this r...

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