The Chairman of Gulf of Suez Petroleum Company (GUPCO), Mohamed El Meligy, stated that the company has allocated $562 million its planning budget for the fiscal year (FY) 2020/2021 for investments to implement projects in its fields.

The executor of Azar joint field’s development project, announced that the Iranian Azar joint field has recorded total production of 36 million barrels (mmbl).

Neptune Energy along with its partners announced that it has started drilling operations in the Dugong appraisal well in Norweigan sector of the North Sea.

The Libyan National Oil Company (NOC) has announced that it achieved a record a level in its revenues during January 2021, estimated at $1.41 billion.

Wintershall Dea announced that it has achieved the highest level of production during Q4 2020 since the company’s merge, increasing to 650,000 barrels of oil equivalent per day (boe/d) and achieved 623,000 boe/d during the whole 2020, Mario Mehren, CEO of Wintershall Dea.

Equinor company announced that its Tjeldbergodden methanol plant resumes production after its halt due to a fire on December 2020.

The CEO of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, approved the planning budget of El Hamra Oil Company with $81 million of investments for the fiscal year (FY) 2021/22 during the general assembly of the company, according to General Trade Union for Petroleum Workers.

Sonatrach company announced that it has recorded increase in its refinery operations by 7.4% during 2020, reaching 27.2 million tons compared to 29.1 million tons in 2019.

Badr El-Din Petroleum Company (Bapetco) announced that its investments reached $298 million with 100% success rate in drilling three exploration wells during H1 of FY 2021/22 as well as planning to drill two exploration wells during H2 of FY 2021/22.

Dana Gas Company announced its preliminary unaudited financial Results for the full year 2020.