Company type | Public |
---|---|
Industry | Oil and gas industry |
Founded | 1956 |
Headquarters | , |
Products |
Petroleum Natural gas Petroleum products |
Owner | Ministry of Petroleum |
Website |
www |
The Egyptian General Petroleum Corporation (EGPC) ( Arabic: الهيئة المصرية العامة للبترول) is a national oil company of Egypt. EGPC's business includes crude oil exploration, refining, and storage. The company also produces lubricants and greases and offers services for oil and gas projects. [1]
The company was established in 1956 with its headquarters in Cairo. [2] At the foundation stage it was named General Petroleum Authority. [2] It was renamed as Egyptian General Petroleum Corporation in 1962. [2] In February 2018, EGPC partnered with Israel-based company Noble and Delek in a venture called EMED to acquire a 39% stake in the East Mediterranean Gas Company. As director of the majority partner in EMED serves former chairman of EGPC Mohammed Shoeib. [3] [4] In 2020, EGPC announced to license about 60 new fuel across Egypt. The company also announced its plans to invest EGP 379 million to build fuel stations and warehouse storage. [5] Currently Abed Ezz El Regal serves as CEO of EGPC. [6]
On April 7, 2023, it was reported that EGPC joined a Memorandum of Understanding to support global efforts to set science-based targets for their net zero goals. [7]
EGPC owns 70% of shares in the Egyptian Natural Gas Company, as well as a 75% stake in the petroleum-industry support airline Petroleum Air Services (the remaining 25% being held by the British firm Bristow Group). [8] In 2018 the company had 2,000 employees. [1]
Company type | Public |
---|---|
Industry | Oil and gas industry |
Founded | 1956 |
Headquarters | , |
Products |
Petroleum Natural gas Petroleum products |
Owner | Ministry of Petroleum |
Website |
www |
The Egyptian General Petroleum Corporation (EGPC) ( Arabic: الهيئة المصرية العامة للبترول) is a national oil company of Egypt. EGPC's business includes crude oil exploration, refining, and storage. The company also produces lubricants and greases and offers services for oil and gas projects. [1]
The company was established in 1956 with its headquarters in Cairo. [2] At the foundation stage it was named General Petroleum Authority. [2] It was renamed as Egyptian General Petroleum Corporation in 1962. [2] In February 2018, EGPC partnered with Israel-based company Noble and Delek in a venture called EMED to acquire a 39% stake in the East Mediterranean Gas Company. As director of the majority partner in EMED serves former chairman of EGPC Mohammed Shoeib. [3] [4] In 2020, EGPC announced to license about 60 new fuel across Egypt. The company also announced its plans to invest EGP 379 million to build fuel stations and warehouse storage. [5] Currently Abed Ezz El Regal serves as CEO of EGPC. [6]
On April 7, 2023, it was reported that EGPC joined a Memorandum of Understanding to support global efforts to set science-based targets for their net zero goals. [7]
EGPC owns 70% of shares in the Egyptian Natural Gas Company, as well as a 75% stake in the petroleum-industry support airline Petroleum Air Services (the remaining 25% being held by the British firm Bristow Group). [8] In 2018 the company had 2,000 employees. [1]