EGYPTIAN GENERAL PETROLEUM CORPORATION

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EGPC

    Is an economic State Corporation affiliated to the Ministry of Petroleum.
    It was established under the law no. 135 of 1956 which was amended by law no. 167 of 1958,
    then by law no. 20 of 1976. EGPC main Objectives are as follows:
    • Satisfy local demand of petroleum products.
    • Enhance exploration activities and search for extra oil potentialities.
    • Maximize oil production and enhance oil reserves development.
    • Maximize petroleum exports revenues.
    • Apply the international HSE standard measures.


    EGPC affiliated companies are 12 Public Sector Companies, 41 Joint Venture Companies, & 87 Investment Law Companies; in which EGPC is a shareholder, either by itself or through other affiliated companies. The main activities of these affiliated companies are Exploration, Development, Production, Refining, Processing, Transportation, Distribution, Drilling, Engineering, Construction, Fabrication, Maintenance, & Training. There are illustrations that depict the utilization of oil as a source of fuel.

Historical Background

*The Petroleum Industry in Egypt has its roots as far back as Pharaonic times.

There are illustrations that depict the utilization of oil as a source of fuel.


*Yet, it took until the 19th century for the first surface geological investigations to be made in Egypt by a French Naval officer in 1835.

*In 1886 The Egyptian government drilled its first well in a location named Gemsa in the Eastern Desert. The well produced 25 barrels of crude oil per day. In 1969, the first natural gas discovery was made in Egypt by the IEOC (International Egyptian Oil Company).This was located in Abu Madi.


*The Ministry of Petroleum was created in March 1973 as an independent Ministry of the Government of the Arab Republic of Egypt. The creation of an independent Ministry of Petroleum to oversee and regulate the petroleum industry in Egypt is a testament


Here are some of the key dates in the history of EGPC:


*1910 Anglo-Egyptian Oilfields begins to produce oil from the Gemsa field.

*1956 The General Petroleum Authority (GPA) is created by the Egyptian government; General Petroleum Company (GPC) is formed.

*1962 GPA's name is changed to Egyptian General Petroleum Corporation (EGPC).

*1973 EGPC takes a 50 percent interest in The Arab Petroleum Pipeline Company; EGPC switches from joint explorations to issuing exploration licenses to foreign contractors.

*1976 Egypt becomes a net exporter of crude oil for the first time.

*1991 Egypt begins to offer incentives for foreign investment and exploration as part of its fiscal reform.

*1996 Oil production reaches its peak at 922,000 barrels per day.

*2000 The Egyptian government allows for the export of natural gas.


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