Within the framework of the state’s tendency expand the use of the natural gas as a fuel alternative to diesel, as it is among the most important national plans that the state is now adopting in order to rationalize energy and achieve optimal economic benefit from Egypt’s natural resources represented in “Natural gas”, maximizing the added value of this wealth and reducing costs as a result of using Natural gas, and based on the assignments of his Excellency the president of the republic, to establish the Ministry Of Supply And Internal Trade in coordination with the Ministry of Petroleum And Mineral Resources and the Central Bank to study converting bakeries to work with natural gas as a fuel instead of the diesel. The initial value of the project amounted to about 500 million pounds, and the implementation of the first phase of the initial project of project, the second phase, was completed.    

This agreement was signed to provide dollar funding for the Supply Commodities Authority, amounting to 300-400 million dollars annually for a period of 3 years, to purchase wheat and other supply commodities, which had the effect of reducing the burden on the state's general budget. This was also reflected in the confidence and testimony of the international financial institutions in the creditworthiness of the Egyptian economy as a result of the sound steps adopted by the state through the economic reform program.  

Develop a phased plan that aims to implement the model of “substituting local products for imports” through a map of local manufacturing. The general objective of this plan, which is being implemented in a phased manner, is to replace the imported local edible oils in EGP in the contracts of the Authority, including replacing the local oilseed component with the imported oilseeds in the edible oils supplied to the Authority and then achieving the second objective of the sustainable development goals, which is to achieve food security Ending hunger according to Egypt's 2030 vision. Targeted returns from implementing this plan: 1. Maximizing the production and technological capabilities of small companies in the field of oilseeds pressing, increasing the volume of their investments and creating new job opportunities in this field, thus maximizing the added value in the Egyptian economy. 2. Enhancing the dollar currency of the country, whereby the value of local oil shipments is paid in Egyptian pounds. 3. Achieving better rates of self-sufficiency in oilseeds and reducing the import gap as a result of encouraging the Egyptian farmer to increase the cultivated area of ​​soy seeds or slaves and to improve his standard of living as a result of a demand from the Authority on the oil produced by these companies and thus start to achieve gradual sufficiency in edible oils locally produced. 4. Using the outputs of the soy era process to provide large quantities of soybean fodder and make it available in abundance and at competitive prices within the market, which was reflected in the decrease in the prices of local poultry and meat for the Egyptian consumer.

Related Websites


Egyptian government portal


Governmental Complaints Portal


Holding Company for soils and Warehousing


reuters


the Ministry of supply and internal Trade