Agiba Petroleum invested $212 million in FY16/17 - MUBASHER

22 August 2017 01:34 PM

Cairo – Mubasher: The chairman of Agiba Petroleum Company, Alaa Al-Battal, on Tuesday announced that the company invested $212 million in fiscal year 2016/2017.

Al-Battal said, during the company’s annual general meeting (AGM) to approve the financial results for FY16/17, that the firm added 17,000 barrels of oil equivalent (BOEs) to its output of crude oil and natural gas, according to a statement by the Ministry of Petroleum.

The company’s total production of BOEs reached 50,000 per day, equivalent to 47,000 barrels of crude oil and condensates per day and 17.5 square feet of natural gas per day, as a result of drilling 36 wells, he highlighted.

He stressed that the petroleum reserves of Agiba’s fields increased by 10 million barrels of crude oil and 39 billion square feet of natural gas.

Appointments at Egyptian state petroleum companies - ENTERPRISE / AMAY

Sunday, 2 April 2017

Mohamed Abdel Azim was named president of Khalda Petroleum Company and vice-president at state gas outfit EGAS, AMAY reports.

The appointment was made yesterday (April 1st) by Petroleum Minister Tarek El Molla, who also appointed Sayed Mowafi as a vice-president at Khalda and Alaa Abdel Fattah Al Battal as a vice-president at Agiba Petroleum Company. 

Mahmoud Abdel Fattah was appointed head of Petroshahd, while Ashraf Yahia Al Ameer was appointed head of PetroSannan.