EMARAT MISR - a new palyer in the marketing side

In 11th of March 2003, the Minister of Petroleum Eng. Sameh Fahmy and Mr. Ahmed El-Zogabe the Ambassador of the United Arab Emirates in Egypt had witnessed the signing of EMARAT Misr Company foundation contract.

EMARAT Misr company is a new joint venture between Egyptian companies (Midtap & Midor) and Emirates General Petroleum corporation (EMARAT)

The Company Authorized capital is 500 million Egyptian pound. Issued capital is 100 million Egyptian pound (50% paid by EMARAT, 48% by Midtap and 2%by Midor).

The main objective of the new company is the design and construction of 69 gas station with high technology standards to cover needs in large cities, main roads and the south valley. Other objectives will be marketing petroleum products under the Emart Misr new brand.

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