Dubai – MENA Herald:
ENOC Group announced plans to expand its aviation operations in Egypt through its acquisition of a jet fuel 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.
ENC's announcements follow a recent agreement with the Egyptian General Petroleum Corporation (EGPC) to enable the supply of oil to the country, providing further opportunities for foreign direct marketing 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 been developed and developed by 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 foreign direct investment 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 recently expanded 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 countries across 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.
Terminal 2 is one of three terminals at Cairo International Airport; the country's largest airport and Africa's second largest. The Terminal previously underwent extensive renovation and refurbishment works to accommodate the increase of the country's air transport sector. New construction and major upgrades on the aprons, taxiways, connecting roads and a fuel system.