Egypt Aims to Secure 45 Days of Butane

Egypt Aims to Secure 45 Days of Butane

An Official Source at the Egyptian General Petroleum Corporation (EGPC) stated exclusively to Egypt Oil&Gas that EGPC’s chamber of operations is  working on executing a new strategic plan to fulfill the local demand of petroleum products,  including benzene ,diesel, mazut and butane, during  the upcoming months in order to avoid crises in the local markets.

The source added that the plan is aiming to increase the strategic stock of benzene and diesel to cover 25 days. Additionally, it aims to secure 45 days of butane reserves, which comes along with the implementation of the butane coupons system before the end of 2017.

Furthermore, Egypt owns strategic reserves of benzene and diesel that is enough for 10 days as well as 15 days reserves of butane. Egypt saves at least 10% of the monthly imported quantities of petroleum products for increasing the reserves in order to cover the local demands across the country.

EGPC pumps around 53,000 tons of benzene and diesel per day, along with pumping around 900,000 to one  million subsidized cylinders on a daily basis.

Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


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