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Egyptian General Petroleum Corporation

From Wikipedia - Reading time: 6 min
Egyptian General Petroleum Corporation
Company typePublic
IndustryOil and gas industry
Founded1956
Headquarters
Cairo
,
Egypt
ProductsPetroleum
Natural gas
Petroleum products
OwnerMinistry of Petroleum

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]

History

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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]

Structure

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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

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  • 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]

See also

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References

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  1. ^ a b "Egyptian General Petroleum Corporation Fast Facts". Zawya. January 9, 2018. Retrieved June 16, 2020.
  2. ^ a b c "Company Overview of Egyptian General Petroleum Corporation". BusinessWeek. Archived from the original on September 18, 2013. Retrieved 18 September 2013.
  3. ^ "Egypt's push to be east Mediterranean gas hub". Hellenic Shipping News. January 17, 2020. Retrieved June 16, 2020.
  4. ^ "Pipeline deal consolidates Egypt's role as energy hub". The Economist. October 4, 2018. Retrieved June 16, 2020.
  5. ^ "EGPC to License New Fuel Stations". Egypt Oil & Gas. March 5, 2020. Retrieved June 16, 2020.
  6. ^ "Egypt, Neptune Energy sign exploration agreement for Gulf of Suez". Zawya. February 13, 2020. Retrieved June 16, 2020.
  7. ^ "DNV, Egyptian General Petroleum partner to support sustainability program". www.worldoil.com. 2023-04-07. Retrieved 2023-04-28.
  8. ^ "About PAS". Petroleum Air Services. 19 March 2020. Retrieved June 16, 2020.
  9. ^ a b c d e f g h i j k l "Chairmen". Egyptian General Petroleum Corporation. Archived from the original on July 15, 2019. Retrieved 16 May 2021.
  10. ^ Al-Shahat, Saeed (August 6, 2015). "جمال عبد الناصر لأمريكا: "موتوا بغيظكم موعدنا يوم الخميس".. الزعيم الخالد استدعى محمود يونس فى اجتماع عاجل يوم الثلاثاء وكلفه بقيادة فريق تأميم القناة ردا على سحب واشنطن تمويل السد العالى". Youm7. Retrieved 16 May 2021.
  11. ^ "وتقام ليلة العزاء للرجال والسيدات في مسجد الحامدية الشاذلية يوم السبت الموافق2003/2/22". Al-Ahram. No. 42445. February 21, 2003. Archived from the original on March 15, 2017. Retrieved 16 May 2021.
  12. ^ "البقاء لله وحده توفي إلي رحمة الله تعالي عميد عائلة معبد بالفيوم المغفور له المهندس كمال عبدالقوي معبد". Al-Ahram. No. 43920. March 7, 2007. Archived from the original on June 30, 2007. Retrieved 16 May 2021.
  13. ^ Ibrahim, Adel (July 12, 2006). "رئيس جديد لهيئة البترول و8 رؤساء جدد للشركات". Al-Ahram. No. 43682. Archived from the original on March 5, 2016. Retrieved 16 May 2021.
  14. ^ "رئيس الهيئة العامة للبترول يصل إلى الجزائر غدا لبحث احتياجات مصر من البوتاجاز". Al-Ahram. November 24, 2012. Retrieved 16 May 2021.
  15. ^ "أسامة كمال: خطة لتطوير قطاع البترول والثروة المعدنية الشهر المقبل". Al Jazeera Mubasher. October 24, 2012. Retrieved 16 May 2021.
  16. ^ "الھیئة العامة للبترول: نبحث رفع حصة الشركات الأجنبیة في حقول النفط والغاز لزیادة الإنتاج". Al-Ahram. May 26, 2013. Retrieved 16 May 2021.
  17. ^ "تعيين رئيس جديد للهيئة المصرية العامة للبترول". Al-Ahram. August 22, 2013. Archived from the original on April 3, 2017. Retrieved 16 May 2021.
  18. ^ Ibrahim, Raafat (October 15, 2015). "ننشر السيرة الذاتية السيرة الذاتية لرئيس هيئة البترول الجديد". Youm7. Retrieved 16 May 2021.
  19. ^ Ibrahim, Rafaat (April 7, 2016). "وزير البترول يصدر أكبر حركة تنقلات ويعين رئيس جديد للهيئة وإيجاس". Youm7. Retrieved 16 May 2021.
  20. ^ "عابد عز الرجال رئيسا لهيئة البترول خلفا لطارق الحديدي". Al-Shorouk. March 14, 2017. Retrieved 16 May 2021.
  21. ^ "New EGPC Chairman". mees. January 28, 2022. Retrieved 1 February 2023.
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