A press release to Egypt Oil&Gas stated that the Egyptian Minister of Petroleum, Tarek El Molla, reviewed 2017/2018 budgets for Alexandria Petroleum Company and Amreya Petroleum Refining Company (APRC). First Undersecretaries of the Ministry of Petroleum, CEOs of the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian Petrochemicals Holding Company (ECHEM), Head of the Egyptian General Petroleum Corporation (EGPC), First Undersecretary of Central Auditing Organization (CAO), Mohamed Hanafy, and Head of General Union of Workers in the Petroleum Sector, Adel Ragab were in attendance.
During the General Assembly of Alexandria Petroleum, the company’s CEO, Nabil Afify, added that the role of the oil and gas sector in executing roads in Alexandria to serve projects and to facilitate transporting goods. The sector also played a vital role in developing the infrastructure of the city.
Afify added that oil and gas firms near Alexandria took the initiatives to execute projects that aim to improve the 5.2km roads of Hadaba Area in Amerya, as well as the 2.2km Saad El Aly Road with total cost that exceeded EGP 52m. Once the Hadaba road is completed, the projects will continuein order to be opened and run on the April 25 in observation of Sinai Liberation Day.
These projects come as oil firms near Alexandria are keen to contribute in the development of the society.
Afifiy concluded that the oil sector further constructed several roads leading to oil companies in Alexandria. This is divided into three phase, the second phase which includes building a road to the warehouses of Petroleum Cooperative Society Company (COOP) located in El Max Area with cost EGP 5m. Additionally, the third phase costs are estimated at EGP 5m.