Petrogas to Supply 1.5m Tanks of Butane Daily

Petrogas to Supply 1.5m Tanks of Butane Daily

Petrogas CEO, Adel Al Sheikh, stated that the company will increase the supply of butane gas by 100,000 tanks/d to reach 1.5m tanks/d, reported Al Mal News.

He added that Petrogas received a number of complaints from various areas within Egypt because of traders who monopolize butane tanks on the black market, with the  selling price of a single tank reaching EGP 40. He concluded that increasing supply of butane pumped into the market will combat black market tactics and curb price gouging, with the recent arrival of a 5,200 ton cargo of butane at Suez port.

Egypt’s annual consumption of butane is estimated at 4m tons, 50% of which is produced locally and 50% imported through international agencies via tenders issued by the Egyptian General Petroleum Corporation (EGPC). Petrogas supplies the local market with 60% of butane demand.

Sarah Samir 3289 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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