Cairo – Mubasher: OilLibya is planning to invest EGP 500 million ($27.9 million) in Egypt over the coming five years, the firm’s CEO has revealed.
Mazen bin Ramadan further revealed that OilLibya’s strategy in Egypt entailed the construction of several new stations in order to raise the number of operational stations to 110 by 2021 from their current 90.
OilLibya will also establish its first storage warehouse in Alexandria to meet its ambitious expansion plans, the top official said during the company’s launch event for its new brand OLA Energy, which it plans to use in rebranding its products and stations across Egypt.
