Total to Pump Investments in Egypt

French energy giant Total looks to increase its exploration and production (E&P) activities in the West Mediterranean and the Red Sea, as well as raising its overall investments in Egypt, Al Shorouk reported.

According to Patrick Pouyanne, chairman and CEO of Total, the company aims to build more fuel stations and infrastructure for transporting, storing, and distributing petroleum products. Furthermore, Total discussed ways of developing human resources within the Middle Management Performance Program to further enhance the oil and gas sector.

This comes in light of the increasing demand of Total’s 95-octane benzene, in addition to the company’s high sales of its gas stations across Egypt.

Egypt’s petroleum minister, Tarek El Molla, discussed earlier with several French major oil firms and financial institutions the possibility of expanding their activities in Egypt, especially in the natural gas sector.