Egypt replaces heads of EGPC, EGAS state oil and gas companies

logoEgyptian Oil Minister Tarek el-Molla has replaced the heads of state oil company EGPC and state gas company EGAS, the Ministry of Petroleum said in a statement on Tuesday.

Abed Ezz el-Regal will replace Tarek al-Hadidi, appointed in April 2016, as head of EGPC while Osama Al Bakly will take over from Mohamed al-Masry as head of EGAS.

Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption. It is trying to speed up production at recent discoveries.

(Source: Reuters)

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2 thoughts on “Egypt replaces heads of EGPC, EGAS state oil and gas companies

  1. Pingback: Is Egypt’s Zohr Field A Game Changer? – CHB Blog

  2. Pingback: Is Egypt’s Zohr Field A Game Changer?

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