PETROBEL

PETROBEL (Belayim Petroleum) is a subsidiary company of the Egyptian General Petroleum Corporation (EGPC) and considered one of the largest companies working in petroleum and energy sector in Egypt. PETROBEL is a joint venture between "EGPC" and Italian "ENI". The company started leading oil and gas exploration at South Sinai territory since 1953 under the name “National Petroleum Company”. The current entity “PETROBEL” is established at year 1978 as a Joint-Stock company according to Egyptian law 16-1978 First exploration discovery was “Off-Shore Belayim” oil field followed by “Abu-Mady” Gas field. Fields: South Sinai, Nile Delta, Mediterranean Subsidiary companies: NEDCO, PETROSAID, PETRODELTA, MIDGAS, PETROTEMSAH, PETROSHOROUK