Cairo – Mubasher: Co-operation Petroleum Co. (Copetrole) aims to generate more than EGP 60 billion in revenues during fiscal year 2020/2021, the company’s chairman Adel Ayad said.

During the coming fiscal year, the oil company plans to sell about 7.7 million tonnes of petroleum products, oils, chemicals, and vessel fuel, Ayad added in a statement released by the Ministry of Petroleum and Mineral Resources on Sunday.

An amount of EGP 132 million has been allocated to develop warehouses, while a total of EGP 75 million will be directed to develop fuelling stations and establish new stations during FY20/21, he noted.

Work is underway in upgrading Mostorod warehouse to the highest international standards, he revealed, noting that a total of 480 stations have been developed throughout Egypt.