File - Petroleum Minister Tarek el-Molla File - Petroleum Minister Tarek el-Molla

Developing transfer pipelines of petroleum products urged: minister

Sun, Sep. 9, 2018
CAIRO - 9 September 2018: Petroleum Minister Tarek el Molla underlined on Sunday the importance of developing the pipelines used in transferring crude oil and petroleum products.

He said the ministry is keen to maintain a stable market for petroleum products through setting up new twin pipelines extending from production sites and ports to refinery labs and consumption outlets.

The minister was speaking at the general assembly meeting of public sector petroleum companies of Petroleum Pipelines Co., Nasr Petroleum Company and Suez Oil Processing Company to approve the 2017/2018 fiscal year.

In a statement, the minister underlined the importance of making periodical maintenance works of different product units at refinery labs and setting up new ones to increase production and meet local needs.

Chairman of the Petroleum Pipelines Co. Abdel Monem Hafez said efforts are under way to finalize twining Ras Bakr-Ras Ghareb-Assiut pipeline, a move that will facilitate the transport of butane gas between Cairo, Suez and Assiut.

He said the line will be operational in the first quarter of 2019 .

Chemist Nabil Abdel Khaleq of Nasr Petroleum Company said 270-million-pound investments were pumped into developing existing pipelines or setting up new ones.

The company refined this year 2.8 million ton of crude oil to secure local needs, he added.

Head of Suez Oil Processing Company Mohamed Elewaa said 1.2 million tons of crude oil were refined this year, up by 10 percent if compared to the year before.

Also, the country's production hit 2.1 billion pounds this year.
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