EPROM posts record EGP 1.586bn profit for 2025

The Egyptian Projects Operation and Maintenance (EPROM) reported its highest-ever net profit of EGP 1.586 billion for 2025, a 44% rise from EGP 1.096 billion the prior year, driven by expansion into Nigeria and Iraq, the Ministry of Petroleum and Mineral Resources stated. Minister Karim Badawi highlighted the company's skilled personnel as a key competitive edge during the general assembly.

EPROM Chairperson Hossam Asaad Hassanein presented the 2025 results to the general assembly, noting over 70.1 million safe working hours without injuries.

Operationally, the company refined 49.2 million barrels of crude oil and condensates at MIDOR refinery expansions, completing more than 101,000 maintenance orders. This enabled reaching design capacity and upgrading product quality to Euro 5 standards. At the Egyptian Refining Project, operations exceeded design limits, with a full overhaul completed in 34 days, boosting efficiency.

Internationally, EPROM managed the first phase of Nigeria's Port Harcourt refinery and provided technical support for the Warri refinery. Operations in Iraq began via specialized labor agreements. The firm eyes opportunities in the UAE, Jordan, Azerbaijan, and other Arab and African countries.

EPROM launched the “EPROM Smart Engine” platform for equipment monitoring, leak detection, and carbon footprint tracking, alongside energy rationalization projects. It delivered over 104,000 training hours and renewed certifications for quality, energy, environment, and occupational health and safety.

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Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development, as part of a five-year strategy to double crude oil production. He highlighted the long-standing contributions of these companies to Egypt's petroleum sector, noting that the country has moved past the decline phase in oil and gas output and entered a period of stability.

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Egypt's Minister of Petroleum and Mineral Resources Karim Badawi announced that 2026 will see the largest number of offshore wells drilled in recent years, emphasizing the need for early preparation by Petroleum Marine Services (PMS) to capitalize on these opportunities. He described PMS as one of the petroleum sector's key national entities specializing in offshore construction and marine services.

Egyptian renewable energy firm Rees Tech is aiming for sales of about EGP 1bn in 2026, fueled by surging demand for solar systems in the local market, according to Chairperson Ibrahim Gamal. This target doubles the company's 2025 revenues, which reached roughly EGP 500m.

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Petrogulf, a subsidiary of the South Valley Egyptian Petroleum Holding Company, has boosted production from its Gulf of Suez fields to around 26,600 barrels per day, up from about 17,000 barrels per day in the 2025/2026 fiscal year—the highest output since its founding in 1982.

 

 

 

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