Minister of Petroleum and Mineral Resources, Tarek El Molla, underscored the importance of expanding infrastructure projects and networks to transport crude oil and petroleum products across Egypt’s provinces, with a focus on Upper Egypt, according to a press release by the Ministry of Petroleum.
El Molla also emphasized ensuring safety and optimization measures in various petroleum domains.
El Molla statements came as he chaired the general assembly meetings of both Petroleum Pipelines Company (PPC) and Amreya Petroleum Refining Company (APRC) to review the results of both companies in the fiscal year (FY) 2018/19.
Reviewing his company’s achievements, Head of PPC, Abdul Moneim Hafez pointed out that his company transported and distributed around 55.3 million tons this FY, using the vast national networks extending to 6,000 km that covers the entire country.
The PPC, meanwhile, established a new transportation network with a range of 346 km with investments cost EGP 527 million. The project has absorbed the oil production increase at several oilfields.
Head of APRC, Ali Badr said his refinery contributed to meeting the needs of the domestic market, and even exported the surplus after refining amounts of crude oil estimated at 3.7 million tons, referring to an increase in butane production during the FY 2018/19 with a percentage estimated at 10.7%. This increased the APRC revenues this FY to EGP 3 billion.