The story
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.
From Wikipedia’s article on Egyptian General Petroleum Corporation, shared under CC BY-SA 4.0.3