In a press release to Egypt Oil&Gas, Egyptian Minister of Petroleum, Tarek El Molla, emphasized the importance of improving services at filling stations. He urged marketing companies to continue promoting solar power as an alternative source of energy, in order to rationalize national energy consumption.
The minister confirmed the importance of improving the marketing sector for petroleum derivatives, as well as developing civil defense techniques and maintenance plans for equipment, with continual focus on enhancing and updating transportation networks with latest technologies such as global positioning systems (GPS) to better monitor distribution vehicles.
El Molla’s comments came during the General Assemblies of Petroleum Cooperative Society Company (COOP) and Misr Petroleum, to review their fiscal results for 2015/2016.
COOP’s CEO, Samir Rizk, stated that the company increased its contribution in petroleum derivatives to 35%, with total sold products reaching 12.6 tons and worth an estimated EGP 28b. He explained that sold benzene increased by 6% to 1.8m tons, diesel increased by 5% to 4m tons, and mazut increased by 9% to 5.8m tons.
Misr Petroleum’s CEO, Mohamed Shaaban, stated that the company increased its subsidiaries to 1288 distribution outlets, 20 marketing facilities for Misr Petroleum agents, and 113 enhanced filling stations.
In related news, Egypt Oil&Gas previously reported that Misr Petroleum had increased fuel and diesel pumping by more than 25% of petroleum derivatives as it bumped up daily supply to petrol stations by 21% for diesel to reach 16m liters, 25% for petrol 80 octane to reach 6m liters, and 21% for petrol 92 octane to reach 2.3 liters.