Misr Petroleum Company increased its operations during fiscal year (FY) 2016/2017, adding 33 new fuel outlets, bringing its total number to 1336, according to the Head of Misr Petroleum Company, Mohamed Shaaban, Egypt Oil & Gas reports.
Shaaban also noted that Misr Petroleum has 63 new outlets that are currently close to completion.
The company has adopted an expansion and development plan for all its warehouses. The plan includes establishing a string warehouse in Badr City, currently underway, and developing warehouses in Almaks, Asyut and Shawa.
Misr Petroleum has also pursued increased fuel services to ships and airports, expanding its services to the Cairo and Hurghada International Airports and renewing its contract with BP to provide oil services for its fleet.
The figures were announced during the company’s annual general assembly, chaired by the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla.
El Molla encouraged the company to continue to develop its mechanisms for supervising the distribution of petroleum products through the use of smart meters, global positioning systems (GPS), and the Approximate Tolerance Geometry (ATG) device.