NGVC to distribute BP lubricants in Egypt

Published December 18th, 2001 - 02:00 GMT

The Natural Gas Vehicles Company (NGVC) has signed an agreement with BP Middle East to distribute BP lubricants in Egypt. NGVC offers vehicle conversion and compressed natural gas (CNG) fuelling as an alternative to petrol and diesel. 

 

NGVC currently operates a network of 32 gasoline-refueling stations in Greater Cairo, along the Suez Canal and Port Said and Alexandria, as well as 14 conversion centers. In addition to encouraging the use of CNG for cars and taxis, NGVC is working with the Cairo Transport Authority and the Greater Cairo Bus Company to promote the use of CNG for buses. 

 

BP (through Amoco) has been involved in Egypt’s upstream oil and gas industry since 1963. However, it has never been directly involved in any retail marketing of its downstream products in Egypt. BP already has an interest in NGVC, which was established in 1995 by Egypt Gas, ENPPI and BP Egypt to sell CNG as an alternative to gasoline.  

 

The venture was established with the encouragement of the petroleum ministry in a bid to promote the use of CNG. For Cairo’s residents, CNG means 85 percent fewer exhaust emissions. Natural gas is cheaper, it has about 40 percent higher octane and is more efficient, which means less engine maintenance 

 

“Continued growth of the CNG industry benefits the environment, benefits the customer and helps promote the switch away from oil by providing a new market for Egypt’s abundant natural gas reserves,” said Chairman and Managing Director NGV Yehia El Ridi.  

 

At present there are only two companies providing CNG in Egypt, NGVC and Egyptian International Gas Technology (Gastec). As NGVC, Gastec too is a joint venture set up in 1995, 60 percent state-owned and the rest contributed by Italy's Agip. — (menareport.com)

© 2001 Mena Report (www.menareport.com)


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