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.