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.[1]
History
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]