Egypt's imports of gasoline, diesel fall 30%

CAIRO – 18 October 2021: Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the increase in domestic production, rationalization of consumption measures and the growing consumption of gas as a fuel led to a decrease in the import of gasoline and diesel by about 30 percent.

El Molla added, in a statement, Sunday that the capacities of the petroleum product lines increased by 90 percent, at 122 million tons annually, and an 85 percent increase in the ports’ capacity, 45 percent in the storage capacities of petroleum products.

He pointed to an increase of 20 percent in the number of catering and service stations to reach 3,650 stations, and a doubling of stations for catering for gas as fuel to 369 stations.

The minister explained that the total number of cars converted to natural gas amounted to 369,000 cars, including 165,000 cars, during the year 2020/2021, and the total number of car refueling stations reached 369.

He pointed out that it is targeted to add 400,000 cars, including converting 150,000 cars, in addition to replacing 250,000 cars through the initiative over a period of 3 years.

El Molla also reviewed the development plans witnessed by the petrochemical industry to maximize the added value of Egypt's oil and gas resources.

He noted that two new projects were implemented in Damietta and Alexandria, with investments of about LE 472 billion, with production rates of 4 million tons annually, marking an increase of 40 percent.