A wrap-up of the most prominent business news of the day
The company targets filling 3.9 million tons of butane gas into some 312 million cylinders in fiscal year 2018/19 to meet domestic needs.
Egypt’s Petroleum Ministry aims to increase its annual production of gasoline, diesel butane gas and jet fuel by 11.6 million tons in the next four years.
A senior security source at the Interior Ministry said an explosion heard in Cairo’s Zamalek district earlier on Saturday was caused by a butane gas cylinder.
A ship laden with 5,000 tons of butane gas coming from the Saudi port of Yanbu sailed into el Zaitiyat port, Malak Youssef said on Friday.
Local consumption of oil and natural gas also saw an increase to 6.8 million tons year-on-year in July.
The state-owned company to pump 275,000 cylinders in the winter season, up from 225,000 in the summer.
The company invested around LE 151 million in the previous fiscal year.
The company refined 4.5 million tons of high-quality petroleum products to meet domestic needs.
Two ships carrying 13,500 tons of butane gas arrived at Zaytiat Port on Saturday coming from the Saudi port of Yanbu.
Contractor of Asyut-Sohag line, EGPC-affiliated Petrojet, was not able to conclude works on schedule due to repetitive protests of residents in the project’s site.
Zaytiat port received a ship carrying 5,000 tons butane gas coming from the Saudi port of Yanbu, Spokesman of Red Sea Ports Authority Malak Youssef said.
Butagasco's sales of butane gas cylinders increased 5 million cylinders year-on-year to reach 40 million in the first half of 2017 .
Zaytiat port received on Sunday a ship carrying 6,500 tons of butane gas coming from the Saudi port of Yanbu.