EGPC sources revealed to Al-Mal newspaper that six new investment projects to develop a network for transporting petroleum derivatives and fuel all over the country at an expected cost of more than EGP 2.6 billion will be implemented shortly.
These include the construction of seven LPG storage tanks in Alexandria, costing EGP 150 million, as well as the Damanhour/Tanta and Banha/Mostorod lines for EGP 500 million, in addition to the EGP 110 million project to establish an integrated network for the transfer of LPG from Suez to Alexandria.
There is also the butane transfer line between Assiut and Shuqayr for EGP 226 million, and the fluid transfer line between Assiut and Sohag for EGP 252 million.
Sources also confirmed that negotiations were under way with a number of parties to participate in financing the projects that would serve the governorates in Upper.
As for ongoing projects among the most important is the petroleum derivatives transport project meant to link the four major provinces – Sohag, Qena and Luxor and Aswan – at a total cost of about EGP 1.4 billion.