He made the announcement during an expanded meeting with the Oil Ministry's undersecretaries and chairmen of holding companies.
Tension has flared this year over North Korea’s nuclear and missile programs, pursued in defiance of years of U.N. resolutions.
The company invested around LE 151 million in the previous fiscal year.
The power plants’ gas demand constitutes 65 percent of Egypt’s natural gas consumption.
The petroleum products included crude oil, gasoline, diesel, fuel oil and petroleum gases.
AMOC’s total production of oils reached 118,000 tons, up from 114,000 tons in FY2015/16.