March 7, 2011 / 12:49 PM / 8 years ago

UPDATE 1-Egypt appoints Abdullah Ghorab as oil minister

(Adds background, quotes)

CAIRO, March 7 (Reuters) - Egypt’s Abdullah Ghorab, former head of the state oil company, has been appointed the country’s new oil minister, the cabinet said on its Facebook page on Monday.

Pro-democracy activists have demanded a purge of a cabinet where key portfolios have been run by appointees of Hosni Mubarak, who was swept from power by mass protests on Feb. 11.

Ghorab was previously chief executive of the state-owned Egyptian General Petroleum Corporation (EGPC), a holding company that owns 12 companies and has stakes with foreign partners in another 58.

State news agency MENA quoted Ghorab as saying his top priority would be supplying petroleum products to the domestic market while adhering to agreements with foreign oil companies.

“The petroleum sector is tied to oil agreements and foreign partners, and we hope that cooperation will continue and we can fulfil all of our commitments,” MENA quoted him as saying during his swearing-in ceremony.

Long-serving Oil Minister Sameh Fahmy was briefly replaced on Feb. 22 by another state oil executive, Mamoud Latif Amer.

Egypt had proven reserves of oil and gas of 18.3 billion barrels equivalent as of June 2010, the state news agency said in August. [ID:nLDE67D047] (Reporting by Patrick Werr; editing by Jason Neely)

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