The Egyptian General Petroleum Corporation (EGPC) 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. Currently Abed Ezz El Regal serves as 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 (the remaining 25% being held by the British firm Bristow Group). In 2018 the company had 2,000 employees.

Chief executives