The Egyptian petroleum grid was used to transport around 60 million tons of crude oil, condensates, petroleum products, and butane in fiscal years (FY) 2020/21, the ministry of petroleum said in a statement.
This included about 28 million tons of crude oil and condensates, and 31.8 million tons of petroleum products and butane gas, with total revenues of around EGP 2.8 billion, a 12% increase compared to the previous year.
Petroleum Pipelines Company (PPC) Chairman, Mohamed Maged, reviewed the efforts exerted to develop the Egyptian crude oil and petroleum products transporting grid during the general assembly chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s performance during 2020/21.
The meeting further discussed the new projects that aim to develop and raise the efficiency of the national petroleum transportation grid in terms of replacing, renewing, raising efficiency, and increasing the number of lines and storage capacities in warehouses and pumping stations. This came in light of the continuous modernization so that the network would keep pace with the ministry’s expansion goals and infrastructure investments as well as the national project to transform Egypt into a regional oil and gas trading hub.