Petroneel Earns $7.5 M from Fueling Jets

Petroneel Earns $7.5 M from Fueling Jets

El-Neel Oil Marketing Company (Petroneel) has made a $7.5 million profit during 2018 from fueling jet planes, said Amr El-Kaaky, CEO of the company, Egypt Oil & Gas report.

The company further earned $7.6 million from fueling ships in the ports of Safaga, Hurghada, Nuweiba, Sharm El Sheikh, El Hamrawein, and Abu Tartur, El-Kaaky stated during the general assembly chaired by Minister of Petroleum, Tarek El Molla, to review 2018 business outcomes.

Petroneel is distributing and marketing fuel through 68 filling stations after adding four new stations in 2018, El-Kaaky noted, pointing out that the new stations were added in Assiut, Qena and Suhag.

The company started marketing 95-octane gasoline for the first time in its filling station in order to meet citizens’ demands.

Petroneel increased the number of important consumers to 49 clients after adding six clients in 2018.

Sarah Samir 3297 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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