Engineer/ Tariq El-Molla, Minister of Petroleum and Mineral Resources witnessed the signing of an agreement between GASTEC and Eni S.P.A to establish a model integrated catering company with liquid fuel services in addition to CNG. The agreement was signed by Eng. Abdel Fattah Farhat, chairman and managing director, Dr. Stefano Casey, General Manager for Technical Affairs and Managing Director , and Mr. Giuseppe Ricci, Head of Refining and Marketing Department of Eni S.P.A.
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that the establishment of integrated service stations that combine for the first time between providing CNG and liquid fuel car catering services in one station comes within the framework of continuing to develop and raise the efficiency of services at vehicles catering stations and establishing model stations that provide diverse and integrated services To the public at the highest level of quality, pointing out that the ministry is heading to expand the outlets and stations of the CNG vehicles catering service and publish them countrywide, especially in Upper Egypt, to meet the needs CNG and liquid fuel customers, which number about 248,000 vehicles that have been converted. Until the end of last August and encouraging the demand for converting vehicles to run with CNG.
For his part, Engineer Abdel-Fattah Farhat, GASTEC's chairman and managing director, explained that the agreement stipulates that the company will obtain the right to use the trademark and trade name of Eni to establish service stations and refuel vehicles with liquid fuel for the benefit of Gastec Company within the framework of establishing integrated fueling stations that provide CNG and liquid fuel vehicles fueling services, pointing out To that, an agreement was recently signed with the Eni international company, according to which Gastec will obtain the exclusive right to distribute Eni oils, lubricants and other products in the context of contributing to the provision of specialized petroleum products to the local market with the highest quality standards.
He added that Gastec prepared an executive plan during the next five years for the establishment of integrated stations with a total of 50 stations at an investment cost of about 600 million pounds in many cities and governorates, including Cairo, Alexandria, the central Delta and Upper Egypt governorates, the Canal, Sinai, the Red Sea, and the main roads between the governorates, especially the new urban communities and the national road network. Pointing to the availability of the factors supporting the success of cooperation between the two companies, which are represented in the infrastructure available to implement the project of adding liquid fuel activity through Gastec stations, which number 91 stations geographically distributed in 21 governorates country wide, and the availability of trained technical labor, which contributes to reducing The investment costs and the increase the project's economic feasibility, pointing out that Gastec is in the process of launching 3 new stations for refueling cars with CNG in the southern governorates in Beni Suef, Qena and Sharm El Sheikh, and that the company has achieved a boom in the field of converting vehicles to work with CNG by converting 115,000 vehicles since inception until last August, through 35 conversion centers.