News & Events

AMOC has announced strong results and positive performance indicators for the fiscal year 2024/2025, reflecting the company’s continued commitment to operational excellence and sustainable growth. The Ordinary and Extraordinary General Assembly meetings were convened on Saturday, 27th of September 2025, under the patronage of H.E.Eng. Karim Badawi, Minister of Petroleum and Mineral Resources. The meetings were attended by Eng.Salah Abdel-Karim, Chief Executive Officer of EGPC, Chem.Maged El-Kordy, AMOC’s Chairman and CEO, along with the petroleum sector’s senior leaders and members of the Board of Directors who joined through the video conference. The assemblies approved AMOC’s financial and operational results for FY 2024/2025. Among those present were senior officials from the Ministry of Petroleum and EGPC, including: Eng. Abeer El-Sherbiny, The Acting Head of the Ministry’s Technical Office and the Official Spokesperson for the Ministry. Mr. Mohamed Assi, Head of the Central Department of Financial and Economic Affairs, MOP. Mr. Ahmed Randy, Undersecretary for Central Communications, MOP. Eng. Wael Lotfy, Head of the Central Projects, MOP. Eng. Amr Ashraf, Head of the Minister’s Office, MOP. Mr. Mohamed Soliman Dawood, General Manager of Media, MOP. Mr. Khaled Ossman, Assistant Minister of Petroleum for Commercial Affairs. Ms. Amal Hassan Tantawy, Deputy CEO for Financial and Economic Affairs, EGPC. Eng. Wael Rizk, Deputy CEO for Refining and Manufacturing, EGPC. Eng. Ayman Abdel Badie, Deputy CEO for Transportation and Distribution, EGPC. Mr. Nasser Shoman, Deputy CEO for Internal Audit, EGPC (through video conference). Mr. Ahmed Farouk Farag, Assistant Deputy CEO for Financial and Economic Affairs, EGPC. With the attendance of the shareholders’ representatives: Eng. Reham Mohamed Alfa, Chairman of Alexandria Petroleum Co. Mr. Mostafa ElSayed Ahmed, Chairman of Cooperation Petroleum Co. Eng. Mohamed Maged, Chairman of Misr Petroleum Co. Chem. Maged El Kordy highlighted AMOC’s strong performance, noting that total sales reached 1.26 million tons valued at EGP 36.9 billion, an 11% increase over the previous year. Revenues stood at EGP 38 billion, with net profit of approximately EGP 2 billion. Investments amounted to EGP 5.6 billion, reflecting a 7.4% rise, while shareholders’ equity increased by 9% to EGP 5.422 billion. The company met 94% of domestic market demand, while boosting exports of oil and wax by 70,000 tons, generating more than USD 65 million, with a particular focus on African markets. Production of oil and wax reached 172,000 tons; about 108% of the target, alongside 442,000 tons of gas oil, naphtha, and LPG, and 666,000 tons of fuel oil. In total, AMOC supplied the local market with 1.191 million tons of petroleum products, worth EGP 33.66 billion. On the sustainability front, AMOC maintained its strong commitment to safety and environmental stewardship, recording over 4 million safe working hours without injury and cutting carbon emissions by 7,609 tons of CO₂ equivalent. This was achieved through reduced electricity consumption equals to 11.26% and lower natural gas usage equals to 9% compared to the previous year. For the fourth consecutive year, AMOC was ranked by Forbes among Egypt’s top companies in profitability and market value. The company was also newly included in the EGX35-LV Index for 2025 and maintained its listing on the EGX33 Sharia Index. Looking ahead, AMOC’s 2025–2030 strategy focuses on integration within the petroleum sector. The company recently signed an agreement with Assiut Oil Refining Company to supply fuel oil to its vacuum distillation unit, increasing production capacity by about 10,000 tons per year. AMOC also aims to strengthen its role as a regional hub for oil and wax and a marketing arm for EGPC. Upcoming projects include gas redirection from hydrogenation units, treatment of sour gases from the MDDU unit, adoption of digital twin technologies to improve energy efficiency, and industrial wastewater treatment. Furthermore , AMOC is expanding its product portfolio to include base oils of different viscosities, exploring the production of Group II and Group III high-refined oils, and developing semi-synthetic oils to meet growing demand. Upgrades to blending facilities are also planned to accelerate sales and delivery. H.E. Minister Karim Badawi emphasized that AMOC’s strategy aligns with the Ministry’s six strategic pillars , including ensuring local market supply, maximizing infrastructure use, strengthening regional integration, optimizing the energy mix, and safeguarding workforce safety. The company also showcased its commitment to research and innovation through pilot projects using paraffin wax to manufacture value-added products such as lighting candles and dental wax. The Minister commended AMOC for pursuing out-of-the-box ideas and encouraged similar initiatives to maximize the value of Egypt’s natural resources. On the CSR front, AMOC contributed EGP 23 million to healthcare, education, and infrastructure projects, in addition to women empowerment programs. The company also delivered 5,162 training opportunities across various disciplines. Eng. Salaheldin Abdel Karim, EGPC’s CEO, confirmed EGPC’s support in providing AMOC with feedstock and backing projects that expand capacity and optimize use of infrastructure. The Ordinary General Assembly approved the distribution of cash dividends of EGP 0.80 per share, while the Extraordinary General Assembly endorsed amending the company’s fiscal year to run from January to December, in line with international best practices. Concluding the sessions, H.E. Minister Karim Badawi expressed appreciation for AMOC’s achievements, highlighting the company’s diverse product mix, strong market presence, progress in energy efficiency, and active role in community development. Chem. Maged El Kordy extended his gratitude to the Minister for his continued support and thanked sector leadership, shareholders, and AMOC employees for their commitment to driving the company’s growth.