Minister of Petroleum Tarek El Molla said that the expansion in the operation of refineries that are taking place in Egypt will enable the sector to stop producing 80 gasoline.
El Molla added during the Egyptian Petroleum Association symposium that many international countries have stopped producing low-quality gasoline, which the ministry seeks to activate in the coming years by expanding in the establishment of 7 new refining projects that will push for self-sufficiency in fuel by 2023.
He pointed out that the volume of natural gas consumption doubled more than 20 times, reaching 47 million tons during the last fiscal year, of which the electricity sector accounted for 60%, and the industrial sector 12%, and the quantities of household gas consumption amounted to 6% during the year.
He explained that consumption is targeted to reach 7% during the next fiscal year as a result of the intensification of projects to deliver natural gas to homes, pointing out that the total number of housing units that have been connected with natural gas since the start of activity amounted to 12.3 million housing units over the course of 41 years, 50% of them during the last seven years.
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