Production is the main pillar of the company and the secret of its strength, as the amount of production during 2021 reached about 2.7 million tons, an increase of 12.5% over 2020.
Misr Petroleum Company's sales amounted to 6.4 million tons of petroleum products in fiscal year (FY) 2020/21, the company's Chairman Mohamed Shaaban said.
EPC was assigned the implementation of the first phase of the project to raise the production capacity of the PVC product from 80,000 tons annually to 100,000 tons.
Assiut Oil Refinery secures around 65% of the petroleum products consumption in Upper Egypt as it refined 2.6 million tons of crude oil in fiscal year (FY) 2020/21.
Alexandria Petroleum Company (APC) refined around 5 million tons of crude oil in fiscal year (FY) 2020/21, producing EGP 48 billion worth of petroleum products.
The company's production levels exceeded the fiscal year's plans, according to El Agrawy, who noted that the overall output of condensates reached 3.3 million barrels.
The company returned around $1.3 billion to shareholders in share repurchase and divides.
The company's Q2 production reached 613 million barrels of oil equivalent per day (mboe/d), making the output average in H2 2021 reach 636 mboe/d.
BP expected to hit $35 billion net debt target including the delivery of sale proceeds and performance in the Q1 of 2021, according to BP’s press release.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met a delegation from the Government Unified Complaints System which praised the ministry’s performance for its immediate response for any recei ...
