Car Conversion Project
Tuesday, 1st June 2021
The Ministry of Petroleum and Mineral Resources is targeting environmental, economic, and industrial goals among others through a project to switch more vehicles in Egypt to run on natural gas, according to a statement.
Sunday, 30th May 2021
Egypt has allocated EGP 2.1 billion in the next fiscal year’s budget to finance the first phase of the green initiative, which aims to replace 250,000 vehicles to run on natural gas in the governorates of Cairo, Giza, Qalyubia, Alexandria, Suez, Port Said, and the Red Sea, Mohamed Maait, Minister of Finance, stated.
Tuesday, 15th December 2020
The petroleum sector’s investment rate over the past six years has surpassed EGP 1.2 trillion in addition to attracting about 90% of foreign investment to Egypt.