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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Illustration of Ecopetrol's Q1 2026 profits with oil facilities, charts, and Colombian elements for a news article.
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Ecopetrol reports $2.8 trillion profit in first quarter

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

Egypt's Minister of Petroleum and Mineral Resources Karim Badawi announced plans to fully pay off arrears owed to foreign oil and gas partners by the end of June. He revealed a gas discovery estimated at 2 trillion cubic feet and outlined strategies including hydraulic fracturing to boost production.

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Petroleum Minister Karim Badawi announced plans to drill more than 100 exploratory wells by 2026 to boost domestic oil and gas production. He made the statement at a roundtable with the American Chamber of Commerce in Cairo.

Egypt's presidency announced on Tuesday a plan to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, aiming to bolster electricity stability and cut reliance on fossil fuels. The statement came after a meeting between President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, and the ministers of electricity and petroleum.

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Egypt's Minister of Planning and Economic Development Ahmed Rostom said the national economy has withstood five major external shocks over the past six years, while delivering positive performance indicators. He spoke during a presentation of Egypt’s economic development plan at an American Chamber of Commerce conference. Rostom highlighted new initiatives to support startups and foster a better business environment.

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