Egypt Stockpiled on Petroleum Reserves

Egypt Stockpiled on Petroleum Reserves

A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that Egypt’s strategic reserves of butane is enough to cover consumption of a 15-day period, while that of benzene and diesel covers a 10-day duration. He added that Egypt has enough mazut to cover the citizens’ demands in filling stations. Moreover, he cited that the stability of the fuel market has led to the accumulation of the country’s strategic reserves.

The source further said that the reasons behind the market stability are the increase in fuel price, this in turn has decreased daily fuel demands.  Additionally, domestic fuel production that is driven by the new projects, has helped alleviate any drawbacks in supply. The government’s efforts has reenforce the market stability through Egypt’s commitment in paying fuel providers, which ensured the timely arrival of  fuel cargos.

EGPC’s source added that Egypt pumps 53,000 tons of benzene and diesel at filling stations on a daily basis. The country also pumps 1m butane bottles per day to warehouses to avoid any crisis.

Sarah Samir 2757 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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