Egyptian General Petroleum Corporation
The Egyptian General Petroleum Corporation 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.
History
The company was established in 1956 with its headquarters in Cairo. At the foundation stage it was named General Petroleum Authority. It was renamed as Egyptian General Petroleum Corporation in 1962. 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. 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. Abed Ezz El Regal is CEO of EGPC.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.
Structure
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. In 2018 the company had 2,000 employees.Chief executives
- Mahmoud Younis
- Fathi Rizk
- Aziz Sedky
- Ahmed Kamel Al-Badri
- Hassan Amer
- Muhammad Halim
- Ali Waly
- Ahmad Ezz El-Din Hilal
- Muhammad Ramzi al-Laithi
- Abd al-Hadi Qandil
- Muhammad Ma’bad
- Hamdi Al-Banabi
- Mustafa Shaarawi
- Abd al-Khaliq Ayyad
- Muhammad Tawileh
- Ibrahim Saleh
- Abdel-Alim Taha
- Abdullah Ghorab
- Hani Dahi
- Sherif Haddara
- Tariq Al-Baratawi
- Tariq Al-Mulla
- Muhammad al-Masry
- Tariq Al-Hadidi
- Abed Ezz El-Regal
- Alaa El Batal