Minister of Petroleum and Mineral Resources Tarek El Molla has received the CEO and Managing Director of Saudi Arabia’s Arabian Petroleum Supply Company (APSCO) Mohamed Ali Reda to discuss the company’s business plans after it is approved to enter into the Egyptian market, specifically in the jet fuel and lubricants trade.

El Molla confirmed that APSCO has extensive experience in the jet fuel supply and lubricants exceeding 70 years, hailing its desire to invest in the Egyptian market in addition to its readiness to contribute to the fields of energy transition and emission reduction.

During the meeting, APSCO provided a presentation for its business activities in Saudi Arabia and the MENA region, showcasing its business plan during the coming period in Egypt as well as its expansion plan globally in cooperation with Misr Petroleum Company.