Oil major Shell captures 15% share of Egypt’s lubricants market. The managing director of Shell Lubricants, Saher Hashem revealed this; stating that the country’s consumption rate for oils ranges between 400million and 500million litres a year, while consumption of lubricating oils stands at 260-280 million litres a year.
“Shell has plans to boost the production capacity of its plant in 6th of October City, to exceed 100 million litres within the next 3 years,” said Hashem.
Shell entered Egypt in 1911 to operate two concessions in Gemsa and Hurghada. The upstream business was managed by a joint venture between Shell and British Petroleum, while Shell Company of Egypt dominated downstream distribution business in Egypt.
The company continues to explore for oil and gas in Egypt, investing in a number of operations including deepwater drilling.
