The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers for 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman, stated.

Natural Gas Vehicle Company (Car Gas) began operating two natural gas conversion stations and maintenance centers in Qena.

Port Said plans to build a fully-utilized fuel station in collaboration with The Egyptian International Gas Technology (Gastec) and Misr Petroleum Company.

Phase 2 of Automatic Tank Gauging (ATG) system is almost completed, according to Adel Ayyad, Chairman of the Board of Directors of the Cooperation Company for Petroleum.

The Egyptian General Petroleum Corporation (EGPC) will license 60-70 new fuel stations all over Egypt, with minimum investments of EGP 180 million, said Adel Ayyad, Chairman of the Board of Directors of the Cooperation Company for Petroleum.

TEthiopian Ministry of Trade and Ministry of Mines, Petroleum and Natural Gas are cooperating to develop a study in the aim of adjusting the profit margin for petroleum companies.

Saudi Arabia’s leading lubricants and automotive services company, Petromin Corporation, stated that it is planning on investing $28m in the Egyptian market, to expand its network of fuel stations and service centers and to construct a cutting-edge lubricants blending plant.

State-run El-Neel Oil Marketing Company (Petroneel) informed that it has increased the number of its car service and fuel stations to 60 in Upper Egypt and Red Sea governorates, according to company's Chairman, Amr El-Kaaky.

France's Total has signed a Memorandum of Understanding with Angola's Sonangol to open fuel stations in the southern African nation.

Oman Oil Marketing Company has been permitted to launch its feasibility study to determine the scope of its potential investment in the operation of fuel filling stations, and fuel services centers in Saudi Arabia.