Egyptian General Petroleum Corporation
National oil company of Egypt
From Wikipedia, the free encyclopedia
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]
| Type | Public |
|---|---|
| Industry | Oil and gas industry |
| Founded | 1956 |
| Headquarters | , |
| Products | Petroleum Natural gas Petroleum products |
| Owner | Ministry of Petroleum |
| Website | http://www.egpc.com.eg |
History
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] Abed Ezz El Regal is 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]
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 (the remaining 25% being held by the British firm Bristow Group).[8] In 2018 the company had 2,000 employees.[1]
Chief executives
- Mahmoud Younis (May 16, 1956 – October 14, 1956)[9][10]
- Fathi Rizk (October 14, 1956 – May 19, 1959)
- Aziz Sedky (May 19, 1959 – December 25, 1961)
- Ahmed Kamel Al-Badri (December 25, 1961 – November 2, 1966)
- Hassan Amer (November 2, 1966 – September 13, 1967)
- Muhammad Halim (September 13, 1967 – May 23, 1968)
- Ali Waly (May 23, 1968 – October 4, 1971)
- Ahmad Ezz El-Din Hilal (October 4, 1971 – April 1, 1973)
- Muhammad Ramzi al-Laithi (April 1, 1973 – October 11, 1983)[9][11]
- Abd al-Hadi Qandil (October 11, 1983 – August 3, 1987)
- Muhammad Ma’bad (August 3, 1987 – November 10, 1988)[9][12]
- Hamdi Al-Banabi (November 10, 1988 – May 23, 1991)
- Mustafa Shaarawi (May 23, 1991 – May 11, 1996)
- Abd al-Khaliq Ayyad (May 11, 1996 – June 16, 2000)
- Muhammad Tawileh (June 16, 2000 – August 7, 2001)
- Ibrahim Saleh (August 7, 2001 – July 9, 2006)
- Abdel-Alim Taha (July 9, 2006 – February 2, 2010)[9][13]
- Abdullah Ghorab (February 2, 2010 – March 20, 2011)
- Hani Dahi (March 20, 2011 – December 31, 2012)[9][14]
- Sherif Haddara (January 1, 2013 – May 19, 2013)[9][15]
- Tariq Al-Baratawi (May 19, 2013 – August 22, 2013)[9][16]
- Tariq Al-Mulla (August 22, 2013 – October 15, 2015)[9][17]
- Muhammad al-Masry (October 15, 2015 – April 7, 2016)[9][18]
- Tariq Al-Hadidi (April 7, 2016 – March 14, 2017)[9][19]
- Abed Ezz El-Regal (March 14, 2017 – January 28, 2022)[9][20]
- Alaa El Batal (January 28, 2022 – Present)[9][21]
