To ensure an effective management of the National Program for Subsidized Petroleum Products, eFinance renewed its contract with the government relating to the full management of the distribution of petroleum products and materials, from storing them in warehouses to distributing them to citizens. In light of the success achieved in handling the automation of the system for the distribution of petroleum products (gasoline, diesel, mazut), and due to the importance of butane, the Authority decided to include the management of trading of LPG products in the system of automating the distribution of petroleum products. This includes starting from the various supply sources (import – local production), to the transportation of the product through pipelines or trucks, and reaching packaging plants and distribution centers (contractors) accredited by the Egyptian General Petroleum Corporation and the Ministry of Supply and Internal Trade.
This system was launched during the first half of 2023 in both Taawon and Misr Petroleum. The system is implemented across all petrol stations owned by both companies. This encompassed a total of 2,400 stations, and around 12,000 car cards were issued and distributed to the various parties contracted with both companies, a figure which totaled 300 different companies, agencies, and entities. Additionally, over 24,000 car refueling transactions were completed using the system’s smart cards at the two companies’ stations.
As part of eFinance’s efforts in developing the country’s cash disbursement systems, and in line with the financial inclusion initiatives put forward by the Central Bank of Egypt, eFinance Digital Operations and Banque Misr have collaborated in equipping gas stations with electronic points of sale to carry out electronic purchases of fuel and cash disbursement from gas stations (cash-out). The system has proven to be successful and has seen 1,023 fuel stations become activated, and the number of transactions at stations is being increased by a total of 33.4 thousand and a volume of EGP 35 million.
- Software to automate and control the processes for distribution of all products
- Governance and performance decision support reports
- Network of POS devices and connectivity for all stakeholders' locations including all gas stations and large factories
The system provides better control through monitoring the trends of consumption of gas stations and factories. we applied Al techniques to detect dormant consumers or non-standard patterns in consumption behavior to investigate suspicious transactions and deactivate consumers.
The solution also allows the government to improve its planning capacity. It helps the Ministry and EGPC build an actual data set to better address the needs for a specific target, within in a particular geographical area which translates into the greater availability of public financial resources to be administered.
Project info:
- Ministry of Petroleum
- Egypt