Abed Ezz El Regal, chairperson of the Egyptian General Petroleum Corporation (EGPC), said that there will be increases in the pumping rates of petrol in the market, from 20m litres per day to 24m litres per day, a 20% increase across the country.
He added that through distribution companies, the corporation will also increase diesel pumping rates from 50m litres per day to 55m litres, a 10% increase, to face the expected increase in consumption over the next two weeks.
He pointed out that with the start of Ramadan, the strategic reserves of gasoline and diesel across the country increased, especially in Upper Egypt and Sinai.
He pointed out that the production capacities of refineries, which are close to 38m tonnes every year, directly contribute to meeting the needs of the state’s sectors, along with the foreign contracts that bridge the deficit in petroleum products in the local market.
The Petroleum Ministry plans to achieve self-sufficiency in terms of petroleum products and natural gas over the next two years, as several new fields and wells enter production, especially the Zohr and North Alexandria fields.