General Petroleum Company

What General Petroleum Company does

General Petroleum Company (GPC) is an Egyptian state-owned upstream oil and gas company established in 1957 and operating under the Ministry of Petroleum and Mineral Resources. The company produces crude oil and condensates from Western Desert acreage, with second-half 2025 output of approximately 78,000 barrels per day, alongside natural gas production of roughly 34 million cubic feet per day. Its core products and services span exploration and drilling, enhanced oil recovery (EOR) projects, accelerated development of the Issaran oil field, and renewable energy initiatives including solar power plants. A five-year investment plan of EGP 55 billion targets production doubling and reserve quadrupling, with FY 2026/27 alone committing EGP 8 billion across 66 wells (including 8 exploratory).

The company's technology stack combines conventional EOR and drilling operations with AI-based workflows co-developed with SLB, which have unlocked over $33 million in brownfield value and were recognized at the Egypt Oil & Gas Convention (EOGC) 2025 Operational Excellence Awards. GPC's revenue mechanics are tied to crude oil and condensate sales at global/OPEC+ benchmark prices, routed through national petroleum distribution channels under Ministry supervision; pricing is not separately disclosed and GPC does not sell under published commercial terms. The customer is effectively the Egyptian state, with output directed to offset import dependence and meet domestic consumption.

Strategically, GPC is executing an aggressive expansion program: $350 million over five years for the Issaran field, 66 wells in FY 2026/27, new discoveries such as the GPD-1X well brought online in mid-2026, and renewable energy integration via solar power. As a state-owned enterprise, GPC operates within a government-directed investment regime rather than market-driven commercial cycles, and its growth is a function of Ministry-set capex programs, fiscal settlement to partners, and national energy security priorities.

Name

General Petroleum Company

Legal name

General Petroleum Company

Website

https://website.gpcnew.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1–10 employees

Short description

General Petroleum Company (GPC) is an Egyptian state-owned upstream oil and gas producer operating in the Western Desert, producing approximately 78,000 bpd of crude and natural gas under the Ministry of Petroleum and Mineral Resources, with a five-year plan to double production.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (21112), Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)

akta.pro secondary industries

Crude Oil Gathering Pipeline Transportation (Upstream Field Gathering) (TLAGAAAB), CO2 Gathering & Compression (for EOR/CCUS feed) (EUALACAJ)

Keywords

• Upstream oil production
• Natural gas extraction
• Oil field development
• Enhanced oil recovery
• Petroleum exploration services

Headquarters

HQ city

Nasr City

HQ country

Egypt

HQ region

Africa

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Crude Oil and Condensate Production: GPC generates revenue through crude oil and condensate production from Western Desert fields, including the Issaran oil field. Production output of approximately 78,000 bpd in H2 2025, with ongoing expansion through new well development and enhanced recovery projects.

Go-to-market motion1 record

Marketing channels1 record

Core offering

General Petroleum Company is an Egyptian state-owned upstream oil and gas producer operating primarily in the Western Desert. It produces crude oil and condensates (approximately 78,000 barrels per day in H2 2025) and natural gas (approximately 34 million cubic feet per day) through exploration, drilling, and enhanced oil recovery activities. The company also develops renewable energy projects such as solar power plants to support sustainable operations.

Product overview

General Petroleum Company (GPC) is an Egyptian state-owned petroleum company operating primarily in the Western Desert region. The company operates as an integrated upstream oil and gas producer, offering crude oil and condensates production alongside natural gas output. GPC's portfolio includes exploration and drilling services, enhanced oil recovery projects, and accelerated development of the Issaran oil field. The company is also pursuing renewable energy initiatives through solar power development. GPC is implementing a five-year plan targeting EGP 55 billion in investments to double production and quadruple reserves.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil and Condensates Production
• Natural Gas Production
• Exploration and Drilling Services
• Enhanced Oil Recovery Projects
• Issaran Oil Field Development
• Renewable Energy Initiatives

Quantifiable outcome

• Unlocked over $33 million in brownfield value using AI-based workflows
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SLBcoreTechnology or Integration · 1 January 2025SLB (formerly Schlumberger) partnered with GPC on AI-based workflows that unlocked over $33 million in brownfield value. The partnership was recognized at the EOGC 2025 Operational Excellence Awards where GPC and SLB secured second place in the innovation category. SLB provides digital transformation and advanced technology solutions for upstream oil and gas operations.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Regional players

• BP Egypt: BP operates Egyptian gas production including West Nile Delta. Comparable as a foreign IOC active in Egypt's upstream sector with overlapping interest in domestic gas security.
• Shell Egypt: Shell operates Egyptian upstream and gas-to-power activities. Comparable as a foreign IOC active in Egypt with similar upstream asset profile, though globally diversified.
• Apache Corporation (APA Corp): APA (formerly Apache) is a long-standing Western Desert operator in Egypt with overlapping asset exposure. Comparable as a regional E&P peer pursuing similar brownfield optimization in mature Egyptian fields.

Direct peers

• Pharaonic Petroleum Company: Pharaonic operates Egyptian offshore gas production as a state-affiliated JV. It mirrors GPC's structure of Ministry-aligned upstream operator with similar revenue model and governance.
• Agiba Petroleum Company: Agiba is an Egyptian joint-venture upstream operator (Eni/EGPC) producing crude in the Western Desert. It shares GPC's basin, customer base (Egyptian state), and operational model.
• Khalda Petroleum Company: Khalda is the other major Western Desert producer alongside GPC, jointly contributing to regional production increases. It operates the same basin under Egyptian Ministry oversight with a comparable upstream E&P profile.
• Badr El-Din Petroleum Company (Bapetco): Bapetco is an Egyptian upstream JV (Eni/EGPC) operating in the Western Desert. It is a direct analog in scope, asset geography, and state-affiliated production mandate.

Broad incumbents

• EGAS (Egyptian Natural Gas Holding Company): EGAS is the state gas holding company under the same Ministry as GPC. It is comparable as the sister state entity managing natural gas commercialization and reserves across Egypt.
• Eni: Eni is the international IOC partner in Agiba and other Egyptian upstream JVs. Comparable as a large incumbent operating the same Western Desert concessions under Egyptian terms.
• Egyptian General Petroleum Corporation (EGPC): EGPC is the parent state entity under Egypt's Ministry of Petroleum that supervises GPC and other operators. It is the natural sector incumbent comparable in ownership, mandate, and downstream integration.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/general-petroleum-gpc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about General Petroleum Company