Cooperation Petroleum Company (CPC) investment plan details a total of EGP 1.2 billion investments in fiscal year (FY) 2026/27, CPC’s Chairman, Mostafa El Sayed, noted. This came during the general assembly meeting attended by Karim Badawi, Minister of Petroleum and Mineral Resources, to approve the year’s investment plan.

Ship refueling sales volume, commonly referred to in the maritime industry as bunkering (the process of supplying fuel and lubricants to a ship’s own tanks for its journey), surged by 205% during the period from July to December 2025. Consequently, the value of these bunkering sales rose to $19.5 million, marking a 217% increase compared to the same period last year.

El Sayed noted that all company fueling stations are now equipped with Automatic Tank Gauging (ATG) digital surveillance. Regarding market shifts, consumption increased for 92 and 95 octane gasoline, while 80 octane demand declined during the first half (H1) of the FY.

During the meeting, Badwi stated that CPC must maximize the utility of its tanker fleet to enhance competitiveness in ship bunkering. He praised the company’s expansion into synthetic lubricants and high-value-added products, which have successfully entered new markets across Arab and African nations. The minister also stressed the necessity of adhering to the highest health, safety, and environmental (HSE) standards during the transport of petroleum products.

Via videoconference, the meeting was attended by Mahmoud Esmat, Minister of Electricity and Renewable Energy, and Manal Awad, Minister of Local Development and Environment.

Established in 1934, CPC holds the distinction of being the first national entity dedicated exclusively to the marketing of petroleum products. The company’s core operations center on the manufacturing and distribution of a diverse lubrication portfolio, ranging from high-performance engine and hydraulic oils to specialized lubricants designed for heavy-duty industrial machinery.