Kamal: Egypt to Achieve Fuel Self-sufficiency Soon
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
The Minister of Petroleum and Mineral Resources, announced that Egypt will achieve self-sufficiency of petroleum products especially octane by 2023.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has visited a number of petroleum products services in Agrood area at Suez city to follow up the executive situation according to the time plan.
Ministry of Finance has allocated EGP 28.2 billion to subsidize petroleum products in fiscal year (FY) 2020/21 budget.
The Minister of Petroleum and Mineral Resources Tarek El Molla stated that the ministry aims to deliver natural gas to one million households in fiscal year (FY) 2020/21.
Misr petroleum and Co-operation petroleum (Copetrole) issued new certificates for tankers in a modern and more secure printed form.
The total exports of fuel, mineral oils, and their products have amounted to about $2.652 billion in Q2 of Fiscal Year (FY) 2019/20.
Crude oil imports have increased by 135.2% in February 2020.
The House of Representatives has approved proposed fees on gasoline and its derivatives.
Egypt's Fuel Automaitc Pricing Committee announced that all gasoline types will be cut by about 25 piasters per litre, effective as of April 11.