Smartcard fuel tracking cuts smuggling

Egypt’s new smartcard fuel purchasing and tracking system for trucks and tankers has cut smuggling of illicit fuel into Egypt by 60 percent, according to the Egyptian General Petroleum Corporation

The national oil company noted the scale of the problem in a statement, “The oil sector faces an annual 20 percent smuggling rate of the total amount of fuel allocated for the Egyptian market.”

The black-market fuels are exported into Egypt through tunnels from Sinai or through ships in the Gulf of Suez.

GPS devices and smart cards in trucks and tankers used to distribute products to retail outlets are now combating smuggling of diesel, gasoline and lubricants. This allows for the active monitoring of distribution from refineries, to depots, to fueling stations.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

2 days ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

2 days ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

2 days ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

2 days ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

2 days ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

3 days ago

This website uses cookies.