Dubai’s state energy firm, Emirates National Oil Company (ENOC), and Saudi Arabia’s Petromin Corporation have entered the bidding race for a majority stake in the army-owned gas station operator, Wataniya Petroleum.

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.

The Sovereign Fund of Egypt (SFE) has selected Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), to be offered to private sector investors as a first stage in its privatization plan, Minister of Planning and Economic Development and SFE Chairperson, Hala El-Said, stated.

The Egyptian International Gas Technology (Gastec) began conducting an operational trial for the new natural gas supply station in Qena.

The Egyptian International Gas Technology (Gastec) began conducting an operational trial for the new natural gas supply station in Hurghada.