Egypt's Ministry of Petroleum and Mineral Resources stated in a report that the current investments in new oil industry projects amount to roughly $7.7b.
Egypt's petroleum sector aims to deliver gas to 3.5m housing units by the end of 2019, a source at the Ministry of Petroleum told Egypt Oil & Gas, adding that this move would reduce Egypt's annual imports of butane gas.
Egypt's Supply Ministry will coordinate with the Egyptian General Petroleum Corporation (EGPC) to deliver Butane gas for home and commercial consumption, Khaled Hanafi- Minister.
President Abdel-Fattah El-Sisi stated that the current butane gas shortage crisis in Egypt was caused by the wintery weather conditions that delayed the butane shipments to Egypt.