Cairo-Mubasher: Alexanderia Mineral Oils Co. (Amoc) said the board approved renewing its insurance policy against fire and explosion with Misr Insurance, with a yearly premium of nearly EGP 5.9 million including fees and stamps, starting from 1 July 2015.

The company said in a bourse statement that the board approved rehabiliating the road leading to petroleum companies at Al-Nahda area at 5% or EGP 1 million of the project’s estimated cost of EGP 20 million.

Amoc operates with EGP 861 million in capital, divided into 86.1 million shares at a par value of EGP 10 each.