Egypt

Abu Qir Fertilizers Exported Products to 24 Countries, Achieved Profits of EGP 9bln

Abed Ezz El Regal, the Chairman of Abu Qir Fertilizers Company (AFC), declared that his company has achieved growth in its profits worth 158% reaching EGP 9 billion during fiscal year (FY) 2021/22, compared to EGP 3.5 billion during the previous year.

Co-operation Petroleum Company Sales Reach 7.3 M Tons in 2021/22

Co-operation Petroleum Company Chairman Ayman Naguib presented the most important business results during the year through its activities in the marketing of main petroleum products, lubricants, ship supply and petrochemical products. He explained that the total sold quantities amounted to about 7.3 million tons, with a value of EGP 60 billion.

Egypt earning $500mln monthly from gas exports

Egypt exported 8.9bln cubic metres of liquefied natural gas last year and 4.7 bcm in the first five months of 2022

Egypt petroleum minister, AmCham delegation coordinate efforts ahead of COP27

The petroleum sector is planning to take part in activities about reducing carbon emissions that are on the agenda of the COP27, which will be held in the Egyptian Red Sea resort city of Sharm El-Sheikh from 6-18 November.

TAG Oil Wins Contract to Develop Oil Reservoir in Egypt

TAG Oil Ltd. said Tuesday that it has secured a contract to develop an oil reservoir in the Western Desert of Egypt.

Egypt Underlines Growth in Activities, Economic Returns of Public Sector Oil Companies

Egypt Minister of Petroleum and Mineral Resources Tarek el-Molla chaired on Sunday the meetings of the general assemblies of public sector oil companies, via video conference, to discuss and approve the results of FY 2021/22.

Egypt targets $8bln investments in oil, gas sector

Egypt is targeting investments worth about $7.7 to $8 billion in the oil and gas sector, Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business on September 17th.

Egypt to Raise Suez Canal Transit Fees for Ships in 2023

Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world most crucial waterways.