The first independent Ministry of Petroleum was established in March 1973, to manage the political role of petroleum resources before the war of 1973. In view of the strategic significance of the Ministry's existence as a political body that sets the general petroleum strategies on new bases to go in line with the requirements of the country at this stage. On top of its priority list, is to provide the local market needs of petroleum products, petrochemicals and mineral resources, and to contribute to achieving the targeted growth rates of the national economy.

Functions and duties

* The Ministry of Petroleum and Mineral Resources sets up policies and strategies for the Petroleum Sector and its five entities for implementation. * The petroleum policy is based on increasing the reserves as well as production of crude oil and natural gas through intensifying the upstream activities. * Working on developing and building human cadres, capable of carrying out responsibilities, to be achieved within the comprehensive program, currently, being executed to develop and modernize the Petroleum Sector. * Working on transforming Egypt into a Regional Hub for Oil and Gas Trading.

The petroleum sector's vision

* Achieve financial sustainability. * Become a leading regional Oil and Gas hub. * Be a role model for the future of modernized Egypt. Take into consideration the Sector Core Values.... Core Values: safety, innovation, ethics, transparency and efficiency

Strategic objectives of the ministry of petroleum and mineral resources

* Meeting the demands of the domestic market for petroleum and petrochemical products, mineral resources as well as achieving the target of the national economy growth rates. * Securing oil and natural gas supplies through expanding upstream activities, diversification of resources and working towards modifying the

energy mix The energy mix is a group of different primary energy sources from which secondary energy for direct use - such as electricity - is produced. Energy mix refers to all direct uses of energy, such as transportation and housing, and should not be c ...

. * Achieving the optimum value-added of natural resources. * Advancing a national high efficiency manpower. * Maintaining environmental standards and sustainable development. * Transforming Egypt into a Regional Hub for Oil & Gas Trading. * Developing and modernizing the Petroleum Sector to meet the demands of the current era.

The ministry’s hierarchy

The petroleum sector in Egypt consists of 6 state-owned entities. These are: Egyptian General Petroleum Corporation (EGPC),

Egyptian Natural Gas Holding Company The Egyptian Natural Gas Holding Company (EGAS) is an Egyptian state-owned holding company, which owns and manages state stakes in different gas project. The company was established in August 2001. EGAS is also responsible for issuing of natural ...

(EGAS), Egyptian Petrochemicals Holding Company (ECHEM), Ganoub El Wadi Petroleum Holding Company (GANOPE), and Egyptian General Authority for Mineral Resources.

Previous petroleum ministers

Sherif Ismail Sherif Ismail ( ar, شريف إسماعيل ; born 6 July 1955) is an Egyptian engineer who served as prime minister between 2015 and 2018. He was minister of petroleum and mineral resources from 2013 to 2015. Career Ismail studied mechan ...

(July 2013 – September 2015) * Sherif Haddara (May 2013 – July 2013) *

Osama Kamal Osama Kamal ( ar, أسامة كمال; born 5 April 1959) was the Egyptian minister of petroleum and mineral resources. He was sworn into Mohamad Morsi, President Mohamad Morsi's cabinet, the Qandil Cabinet, on 2 August 2012, following the 2011 ...

(August 2012 – May 2013) * Abdullah Ghorab (March 2011 – August 2012) * Mahmoud Latif (February 2011 – March 2011) *

Sameh Fahmi Sameh Fahmi (born 14 August 1949) is an Egyptians, Egyptian engineer and politician who served as Ministry of Petroleum and Mineral Resources (Egypt), oil minister of Egypt for 12 years from 1999 to 2011. Early life and education Fahmi was born ...

(October 1999 – February 2011) * Hamdi Al Banbi (May 1991 – October 1999) * Abdel Hadi Kandil (July 1984 – May 1991) * Ahmed Ezzettin Hilal (March 1973 – July 1984) * Ali Waly (May 1971 )

References

External links

Ministry of Petroleum Official website

The Egyptian General Petroleum Corporation (EGPC) The Egyptian Natural Gas Holding CompanyThe Egyptian Petrochemicals Holding Company Ganoub El-Wadi Petroleum Holding CompanyEgypt's Cabinet Database

Petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crud ...

Fossil fuels in Egypt Mining in Egypt Petroleum politics

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...

1972 establishments in Egypt Ministries established in 1972 {{Egypt-gov-stub