Service stations increased by 20%, with over 3,650 stations and 369 stations with the ability to provide natural gas as car fuel
Egypt’s efforts towards strengthening domestic production, rationalization of consumption measures and the growing consumption of gas as an alternative fuel source has led to a decrease in the import of gasoline and diesel by 30% said Minister of Petroleum and Mineral Resources, Tarek El Molla.
Egypt’s petroleum product line capacity increased by 90% to recorded 122 million tons annually, added El Molla, with an 85% increase in ports’ capacity and a 45% climb in storage capacities of petroleum products.
Service stations increased by 20%, with over 3,650 stations and 369 stations with the ability to provide natural gas as car fuel.
El Molla explained that the government’s initiative to replace outdated vehicles with those running on natural gas has now converted over 369,000 cars, including 165,000 personal vehicles during 2020/2021.
The initiative’s target is to convert or replace an additional 400,000 cars, including converting 150,000 cars, in addition to replacing 250,000 cars through the initiative over a period of 3 years.
The minister also reviewed the petrochemical industry’s development plans and efforts to maximize the added value of Egypt's oil and gas resources.
He noted that two new projects were implemented in Damietta and Alexandria, with investments of about LE 472 billion, with production rates of 4 million tons annually, marking an increase of 40%.
