Egyptian Ministry of Petroleum

From Oil4All
Jump to: navigation, search

The Ministry of Petroleum is the Egyptian authority that regulates exploration, production, marketing and distribution of oil, gas and other resources.[1]

There are several state-owned entities under the control of the ministry: the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), the Egyptian Petrochemicals Holding Company (ECHEM), Ganoub El-Wadi Holding Company (GANOPE), and the Egyptian Mineral Resources Authority (EGSMA). The Egyptian General Petroleum Corporation (EGPC) is mainly responsible for managing upstream activities, as well as infrastructure and licensing.[2] However, International oil organisations can obtain production sharing agreements with EGPC or EGAS, which retain the right to take a 50 percent stake in the venture.[3]

The current minister as of early 2013, Osama Kamal, has graduated from the Faculty of Engineering, Cairo University, in 1982.[4] After serving as vice-chairman and chairman of the Egyptian Petrochemicals Holding Company (ECHEM) between 2002 and 2012, Osama Kamal was appointed as the minister of petroleum in August 2012.[5]

References

  1. "Ministry Website"
  2. "EIA Country Analysis" US Energy Information Administration, retrieved 18 March 2013.
  3. "Country Profile" Revenue Watch Institute, retrieved 18 March 2013.
  4. "Minister Profile", "Ministry of Petroleum", retrieved 18 March 2013.
  5. "Egypt' Osama Kamal says to head energy ministry", "Reuters", 1 August 2012.