Libya Oil Egypt: 4 New Petrol Stations Ready Next Month

Eng. Saleh Al-Abdali, the Managing Director at Libya Oil Egypt, said the company targets the completion of establishing 4 petrol stations by the end of 2012. He further announced that Libya Oil Egypt has opened a new oil factory in Borg Al-Arab in Alexandria at a cost of EGP 100 million in cooperation with one of the European firms.

Al-Abdali told Amwal Al Ghad that Oil Libya has been working in Egypt since 1995 and is looking forward to making further expansions in Egypt within the coming period.

“Egypt is the key hub of the Libyan investments as it enjoys all the aspects of alluring more businesses.” Al-Abdali added

“That’s why Libya Oil is always looking forward to making more expansions and injecting fresh investments in Egypt.”

Al-Abdali noted that Libya Oil has established 75 petrol stations in Egypt up till now as it seeks to increase the number of the stations within the coming period through boosting the company’s investments in Egypt.