National Petroleum

The National Petroleum company(NPC) is Citadel Capital's Cairo-based upstream oil & gas exploration & production platform company.
With paid-up capital of US$ 475 million, NPC is expanding its exploration capabilities on key geologies in the region. In 2006, the company acquired 100% of Egyptian operator Petzed, which controls 100% of the rights in the productive Shukheir Marine concession(Gamma & Shukheir Bay fields), the South Abou Zeneima, East Kheir & Ezz El-Orban concessions(all Gulf of Suez offshore concessions), as well as the North Maghara onshore concession in Northern Sinai.