production | Egypt Oil & Gas - Part 69

AMOC’s Profits Rise 153%

Alexandria Mineral Oils Company (AMOC) produced EGP 8.5 billion petroleum products in fiscal year (FY) 2016/2017 with a net profit of EGP 1.1 billion, a 153% increase in profits from FY 2015/2016, according to the Hea...

Egypt Produces 626,000 b/d of Crude & Condensates

Egypt produced an average of 626,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2016/2017, according to the Head of the Egyptian General Petroleum Corporation (EGPC), Abdel Ezz El Regal, Eg...

Hanter: Shell to Maximize Hydrocarbon Potential

Shell is looking to expand its operations in the Western Desert through its partnership with Badr El Din Petroleum (BAPETCO) in order to maximize its hydrocarbon potential, Shell Egypt’s Chairperson and Managing...

ASORC Refines 3.8M Tons Crude Oil

Assuit Oil Refining Company (ASORC) refined 3.8 million tons of crude oil during fiscal year (FY) 2016/2017, according to the Head of ASORC, Nagy Abdel Ghaffar, Egypt Oil & Gas reports. The company produced 1.1 mi...

GPC Increases Production by 5%

Egypt’s state-owned General Petroleum Company (GPC) increased its production by 5% to reach a production rate of 86,400 barrels of oil equivalent per day (boe/d) in fiscal year (FY) 2016/2017), Egypt Oil & Gas rep...

Alexandria Petroleum Company Invests EGP 33.9B in 2016/2017

Alexandria Petroleum Company announced its latest investment figures, which amount to EGP 33.9 billion, Egypt Oil & Gas reports. Investments were for the production of 85,000 tons of butane, 1 million tons of naph...

Egypt’s Consumption, Production of Hydrocarbons Falls

Consumption of crude oil, condensates, and butane fell to 3.02 million tons in June from 3.49 million tons in June 2016, a year-on-year (y-o-y) decline of 13.5%, Egypt Oil & Gas reports. Egypt’s production also de...

Egypt’s Gas Production Rises

Egypt’s production of natural gas rose to 3.19 million tons in June, a year-on-year (y-o-y) increase of 26.5% from last year’s 2.52 million tons, Egypt Oil & Gas reports. Consumption also rose to 3.69 million tons...

Petrobel Exceeds Gas Production Target

Belayim Petroleum Company (Petrobel) has exceeded its production target for gas by 30% during the current fiscal year, a source at Petrobel told Daily News Egypt. The company’s output has grown to 1.6 billion cu...

Agiba Petroleum Increases Production, Reserves

The head of Agiba Petroleum, Alaa El Batal, reported that the company increased both reserves and production during fiscal year (FY) 2016/2017, Egypt Oil & Gas reports. The company invested $212 million during FY ...

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