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Egypt builds 84 oil depots for 42.7 billion Egyptian pounds

By , based on Youm7

Egypt builds 84 oil depots for 42.7 billion Egyptian pounds

Egypt’s oil sector has built 84 storage depots for crude oil and petroleum products, representing an investment of 42.7 billion Egyptian pounds over 12 years. The infrastructure strengthens national storage and distribution capacity, according to Al-Youm Al-Sabea.

Egypt completed the construction of 84 storage depots for petroleum products over the past 12 years, with investments of about 42.7 billion Egyptian pounds, according to the Egyptian Ministry of Petroleum. These facilities added storage capacity of 5.2 million tonnes.

The projects mentioned include liquefied petroleum gas depots in Sohag and Alexandria. They are intended to constitute a strategic stock to meet local market demand and limit the risk of shortages during periods of high consumption. Petrol and diesel prices are among the indicators monitored in this market.

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