ENOC Group announced at the Egypt Petroleum Show (EGYPS) plans to expand its aviation operations in Egypt through its acquisition of a share in the jet fuel hydrant system at Terminal 2 of Cairo International Airport.
The Group also plans to establish a physical presence by opening an office for its aviation operations and jet fuel marketing, serving as a catalyst to enable the growth and development of the country’s aviation infrastructure.
ENOC’s announcements follow a recent agreement with the Egyptian General Petroleum Corporation (EGPC) to enable the supply of jet fuel at all key airports across the country, providing further opportunities to drive foreign direct investments in the Egyptian market.
The hydrant system fuels 18 aircrafts at Terminal 2 and has been operational since 2017. The jet fuel hydrant system has seen investment and development from Egyptian and multinational players from the energy sectors.
His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: “With an expected 5.8 per cent GDP growth for 2019 and a commitment to diversify markets and products, Egypt offers strong fundamentals for international investors. As the country chairs the African Union next year, the Egyptian Government continues its efforts to attract more foreign direct investments to the country, thus becoming an important gateway to the continent. We hope that our recent plans will elevate the country’s critical infrastructure.”
“By joining a consortium of oil companies in Egypt, ENOC Group is now one of a select list of globally-renowned partners contributing to the country’s socio-economic growth. Our strong track-record in jet fuel operations will enable us to provide the highest standards of jet fuel operations, EHS and business performance, which will undoubtedly enable the country’s aviation infrastructure.”
Over the years, ENOC Group has continuously enhanced its partnerships with airlines, suppliers and airports, and currently supplies over three million US gallons of jet fuel daily. The Group’s international aviation presence was established in 2002, operating in 152 airports across 25 countries in the Middle East, Africa, South East Asia and Europe. In addition, the Group currently operates in Egypt through its subsidiary, Dragon Oil, which owns the East Zeit Bay offshore concession.