Ian LePetit: Gas regulation law increases company’s investments in Egypt.
Managing Director of Total Egypt Ian LePetit said that the French company aims to launch 9 new gas stations next year.
According to Ian, the projects are planned to be launched in Cairo, Alexandria, and the Delta region as the company’s strategy for the coming period aims at expanding in the Upper Egypt and Delta regions.
LePetit added that Total Egypt is focusing on expanding its network to reach the most important areas in villages and highways and provide better service to the market.
“The company continues to establish service stations according to the highest European standards for building and operating the stations so that they offer super quality products to customers,” LePetit noted.
“In the coming three years, the company plans to invest in the fields of refining, distribution, exploration, and solar energy.”
He explained that the law regulating the gas market would help Total pump more investments into the Egyptian market and allow the private sector to import natural gas to make use of the available capacities and facilities in the national gas network and improve the efficiency of their use.
(Source: Daily News Egypt)