Cairo – Mubasher: The Egyptian unit of Castrol, the UK BP’s global lubricant brand, is looking to acquire a stake ranging between 2% and 7% of Egypt’s engine oil and lubricant market during the coming two years, the firm’s vice president for the Middle East region, Egypt, and Saudi Arabia said on Sunday.

Castrol is currently investing around EGP 100 million ($5.69 million) per year in Egypt to support distributing motor oil activities, Reuters reported, citing Mario Mifsud added.

Castrol started distributing oil in Egypt, the Arab world's most populous country, since 2009 by collaborating with energy distribution company TAQA Arabia, a subsidiary of​ Qalaa Holdings.

In 2018, BP Plc’s lubricant maker Castrol launched Castrol Egypt Oils S.A.E firm through cooperating with Taqa Arabia.