Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Egyptian General Petroleum Corporation

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Infrastructure

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 14, 2026

Disclosed by Bank Feb 3, 2026

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the European Bank for Reconstruction & Development ("EBRD") has recently provided finance to the Egyptian General Petroleum Corporation ("EGPC" or "the Company"), one of Egypt's state-owned entities under the Ministry of Petroleum and Mineral Resources (MoPMR), for the upgrade of the Suez Oil Petroleum Company ("SOPC").

PROJECT DESCRIPTION

The European Bank for Reconstruction & Development ("EBRD") has recently provided finance to the Egyptian General Petroleum Corporation ("EGPC" or "the Company"), one of Egypt's state-owned entities under the Ministry of Petroleum and Mineral Resources (MoPMR), for the upgrade of the Suez Oil Petroleum Company ("SOPC").

Following this investment, a series of activities are being organised in order to help MoPMR to prepare for the low-carbon transition and the physical impacts of climate change. Egypt is committed to transitioning toward sustainable transportation to enhance energy efficiency and reduce greenhouse gas emissions. According to the Low Carbon Strategy (LCS), EV is one of the main business opportunities arise from the demand drivers in road transport. EVs are expected to account for ~30% of the energy mix in 2050. Around 500K electric vehicles are expected to be on the road by 2030 and more than 16 million vehicles by 2050.

The overall objective to perform detailed feasibility assessment of the potential for the installation of EV Charging Infrastructure at sites of the state-owned entities under the MoPMR.The program will include the following tasks:1. Assess the potential and demand for EV charging infrastructure and identify priority locations on MoPMR and affiliated entities' assets.2. Define the technical, regulatory, and operational requirements for a safe and scalable charging network.3. Establish viable commercial, financial, and environmental frameworks to support investment and implementation.4. Deliver a practical roadmap, procurement toolkit, and capacity-building measures to enable a national EV charging rollout.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Egyptian General Petroleum Corporation	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html