Arab Finance: Misr Petroleum Company generated more than EGP 230 billion in revenue during the previous fiscal year (FY) 2025/2026, as petroleum product sales surpassed 8 million tons, Chairman Mohamed Maged Bakheet said.

The company also invested around EGP 1 billion during the year as it continued supplying petroleum products across Egypt, Bakheet said during the firm's general assembly to approve the annual results.

Minister of Petroleum and Mineral Resources Karim Badawi said Misr Petroleum plays a central role in securing the domestic market’s petroleum product requirements and maintaining supplies across the country. He also praised the company’s efforts to upgrade its services and make better use of its assets and capabilities.

Badawi called on the company to continue implementing its plan to develop and improve the efficiency of around 130 fuel and service stations annually. He said the upgraded stations reflected a tangible improvement in the services provided to citizens.

The minister also directed Misr Petroleum to maintain the highest occupational health and safety standards, particularly during the transportation and handling of petroleum products, to protect lives and assets and support operational continuity.

Alongside its station development program, Misr Petroleum invested EGP 180 million in upgrading systems used to dispatch petroleum products and monitor inventories. The project is intended to improve product management and distribution and help maintain supply continuity.

The company allocated a further EGP 321 million to replacing and upgrading machinery, equipment, and facilities, while EGP 31 million was invested in aircraft and ship refueling projects.

Badawi called for further development of the company’s aviation and marine refueling operations, alongside measures to raise the efficiency of its facilities and maximize returns from its assets. These efforts are expected to strengthen Misr Petroleum’s ability to serve the domestic market and expand abroad.

As part of that expansion, the company established outlets outside Egypt for the first time, entering Libya, Rwanda, and Malta, according to Bakheet.

Misr Petroleum also invested EGP 404 million in completing fire suppression and automated alarm systems at its warehouses, service stations, airports, ports, and oil blending complex.

Bakheet said the company recorded no injuries or fatalities during the elapsed FY, reflecting the implementation of occupational safety, health, and environmental protection measures across its sites and operations.