The Egyptian oil and gas sector has established the main portage of the pipeline designed to pump natural gas to the industrial zone located in East Qantara City.
The Egyptian General Petroleum Corporation plans to pump 16,000 tons of gasoline, and 35,000 tons of diesel to gas stations all over Egypt by the start of March in attempts to meet local demand.
Egypt is pushing ahead with its plans to become an energy trade hub, along with Cyprus and Greece, as it looks to not only serve domestic demand, but also that of Europe through its massive gas discovery.
Speaking at EGYPS 2017's opening speech. the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the Ministry is aiming to create an attractive investment environment and turn challenges into opportunities.
Speaking at the the Ministerial Dialogues panel of the Strategic Conference at EGYPS 2017, His Excellency Minister Tarek El Molla confidently pointed to the remarkable progress that the oil and gas industry in Egypt has achieved.
The Egyptian Prime Minister, Sherif Ismail, said that energy is one of the most important ways to reach Egypt's aspirations and goals towards development.