Egypt

Sidpec targets net profits of EGP 889.6m in 2023

Published on : 2023-01-29

Mubasher: The board of Sidi Kerir Petrochemicals (Sidpec) approved the operating budget for 2023, aiming to achieve EGP 889.64 million in net profits.

The EGX-listed company also plans to record EGP 9.41 billion in this year’s sales, according to a stock exchange statement on Tuesday.

During the first nine months (9M) of 2022, Sidpec reported a 107.82% annual surge in net profits after tax at EGP 744 million, compared to EGP 358 million in the same period in 2021.

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability