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Naftogaz’ Egypt operations see profits this year for first time since 2007

Naftogaz’ Egypt operations see profits this year for first time since 2007

Ukraine’s Naftogaz reported that its oil and gas operations have seen a profit for the first time since 2007. “This year we’ve received a net cash surplus of USD 5 million. Prior to that, our losses were estimated at USD 20-30 million every year,” Naftogaz Chief Commercial Officer Yuriy Vitrenko, according to UNIAN. The announcement … Continue reading

Egypt’s petroleum exports surge by 16.8% in Q1 of FY2017/18

Egypt’s petroleum exports surge by 16.8% in Q1 of FY2017/18

Egypt’s exports of crude oil and petroleum products increased 16.8 percent during the first quarter of financial year 2017/2018, data from the Central Bank of Egypt (CBE) showed Sunday. Petroleum exports amounted to $1.8 billion in the first quarter (July-September), compared to $1.5 billion in the same period last year, according to the CBE. The … Continue reading