The Egyptian General Petroleum Corporation (EGPC) has signed a memorandum of understanding (MoU) with DNV.

The MoU aims to develop an integrated governance framework that incorporates a unified management system, aligning with international standards and best practices for HSE and sustainability.

EGPC Chairman Salah Abdel Kerim emphasized that this partnership is part of a broader strategy to establish a comprehensive management system comparable to those used by major organizations in the oil and gas sector. This initiative is expected to enhance the corporation’s appeal to investors by demonstrating its commitment to safety and sustainability.

The MoU was signed on behalf of DNV by Osama ElSaadawy, General Manager of Business Development. It aligns with the vision and action plan of the Ministry of Petroleum and Mineral Resources (MoPMR), which prioritizes environmental preservation, employee safety, and compliance with local and international standards.

By adopting a system similar to those used by global companies, EGPC aims to leverage lessons learned from past incidents to prevent future occurrences. This collaborative effort underscores EGPC’s dedication to continuous improvement and ensuring the safety of its facilities, equipment, and supplies.