Revenues | Egypt Oil & Gas - Part 7
ERC’s Margins Push Qalaa Holdings’ Revenue Up to EGP 97.7 billion in FY 2022
Qalaa Holdings Company has announced that it has recorded a 113% y-o-y increase in revenue to EGP 97.7 billion in FY22, and recurring EBITDA of EGP 32.3 billion compared to EGP 4.1 billion in FY21. The solid performa...
EMC Achieves EGP 7.2B in Revenues in 2022
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted the continuation of the ministry’s strategy in supporting petroleum entities and achieving optimal utilization of all its expertise. This ca... ERC Contributes 80% to Qalaa Holdings Revenues in 2022
Qalaa Holdings’s consolidated revenues reaching EGP 26.981 billion in the second quarter of 2022, making a 165% year-on-year (YoY) increase. This comes as the Egyptian Refining Company (ERC) contributed with 80%...
Egypt Targets $10B Worth of Natural Gas Exports in FY 2022/23
Minister of Petroleum and Mineral Resources Tarek El Molla has declared that Egypt aims to export $8.5 to $10 billion worth of natural gas during the fiscal year 2022/23. In an interview with Al-Arabia, El Molla elabo...
Egypt Records $13B in Petroleum Exports in Nine Months
Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with a surplus of $4 billion during the first nine months of the fiscal year (FY) 2021/22, according to a stateme...
SCA Records Highest Monthly Revenues of $704M
The Chairman of Suez Canal Authority (SCA) Osama Rabie announced that Suez Canal recorded its highest monthly revenues in July 2022 reaching $704 million which is the highest per month compared to $531.8 million in Ju...
Centamin Announces 11% YoY Production Increase in Q2 2022
In the announcement of its quarterly performance results for Q2 2022, Centamin reported increased gold production of 110,788 ounces (oz) for the three months ending on June 30, an 11% increase compared to the same per...
Suez Canal Revenues Reach a Record $7B in 2022/21
Suez Canal Authority (SCA) Chairman Osama Rabie announced that the Suez Canal’s revenues achieved an unprecedented record during the fiscal year (FY) 2022/21 reaching $7 billion which is the highest in its history, Al...
