EGPC is an acronym for Egyptian General Petroleum Corporation. It is the national oil company of Egypt, responsible for managing and supervising the exploration, production, refining, and marketing of petroleum products in the country. EGPC is a government-owned entity under the supervision of the Egyptian Ministry of Petroleum and Mineral Resources.
As the main player in Egypt's oil and gas sector, EGPC is tasked with implementing the government's policies related to the development and utilization of the country's petroleum resources. It acts as a central authority for issuing licenses for oil and gas exploration, production, and development projects. EGPC also plays a pivotal role in establishing agreements and partnerships with international oil companies for joint ventures and exploration ventures.
The corporation oversees the entire supply chain of petroleum, from upstream activities such as exploration and drilling to downstream operations including refining, distribution, and marketing of petroleum products. It manages a vast network of oil fields, pipelines, refineries, storage facilities, and distribution terminals throughout Egypt.
EGPC's objective is to optimize hydrocarbon exploration and production activities, ensuring the reliable supply of energy resources to meet the country's domestic demand. It also aims to promote investment opportunities in the petroleum sector, foster technological advancements, and enhance the efficiency and sustainability of the oil and gas industry in Egypt.
