Egypt

Egypt launches digital system to manage fuel supply in cooperation with e-finance: El Molla

Published on : 2022-06-26

Tarek El Molla, Minister of Petroleum and Mineral Resources, announced the launch of a digital platform of petroleum products and natural gas, as part of the integrated programme for digital transformation.

The Minister of Petroleum said that the first of the new digital services is to provide an integrated system to manage and follow up on the supply of fuel to cars using a smart card instead of paper coupons, which ensures more secure transportation and circulation of petroleum products and preserves the rights of the contracting parties, through data that can be known through the smart card, such as determining the type of fuel used in vehicles, controlling balances in terms of value and required quantities, and providing periodic follow-up reports to help the decision-maker in the contracting authorities, in addition to providing telephone technical support services for this by e-finance.

El Molla revealed the provision of cash out services from gas stations in cooperation with e-finance company and entities affiliated with the Ministry of Petroleum such as the Egyptian General Petroleum Corporation and petroleum products marketing companies.

Withdrawal services at gas stations enable citizens to withdraw cash from the gas station using their own bank card.

El Molla also pointed to the availability of an electronic payment service at gas stations so that the citizen can pay the value of the products and services that they obtain at the station through their own bank card, which contributes to spreading electronic payment services and facilitating and spreading dealing with bank cards as part of the digital transformation process in Egypt.

According to El-Molla, the electronic withdrawal service has been made available at 400 petrol stations across the Republic. This came during the inauguration of the Integrated Petrol Station – Cargas in Dokki, after its development, accompanied by Ahmed Rashid, Governor of Giza, and Ibrahim Sarhan, head of e-finance.

For his part, Ibrahim Sarhan, Chairperson, Managing Director and CEO of the e-finance group for financial and digital investments, said that 8000 POS machines were made available to Khalis company at the gas stations of Misr Petroleum, through which a number of different financial services can be obtained, whether electronic payment of the various services that Khalis provides, such as water, electricity, gas, and mobile phone bills, or obtaining financial withdrawal services, which include the disbursement of pensions, Takaful and Karama, and employee salaries.

He added that the first phase of digital transformation in the petroleum sector is working efficiently, which is represented in the management and control system of petroleum products in warehouses and transport trucks.

He explained that the current stage of digital transformation is to abolish gasoline bonuses and replace them with a smart card by automating all of Misr Petroleum’s gas stations through an integrated system that allows companies and agencies contracting with Misr Petroleum and cooperation gas stations to monitor, follow up and manage the gasoline consumption of their fleet, where the contracting parties may change the gasoline quota for each car electronically, and this system also provides clearer data on consumption, which helps the users of the system to know the operating economics more accurately.

Related Articles

Russia Finds a New Oil Trading Route Via Tiny Egyptian Port?

A cargo of about 700,000 barrels of Russian oil was delivered to Egypt El Hamra oil terminal on its Mediterranean coast early on July 24. A few hours later, another vessel collected a consignment from the port — which may have included some or all of the Russian barrels — according to vessel-tracking data monitored by Bloomberg.

Read More

Egypt’s Suez Canal records all-time high monthly revenue of $704m

Egypt Suez Canal has recorded $704 million revenues during July, the highest monthly figures in its history.

Read More

EL-Molla Discuss Expansion of ExxonMobil’s Investments in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla has met a delegation from ExxonMobil chaired by Hugo Detre, the company EAME Retail Sales and Marketing Manager, to discuss the expansion and development of the company’s investments in fuel distribution in Egypt.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/Gasco