El-Molla: $9 billion in new investments to increase refining and petrochemical capacities in EgyptVisits : 237

El-Molla: $9 billion in new investments to increase refining and petrochemical capacities in Egypt

As an investment in the political stability achieved after the June 2013 revolution and keeping pace with the state’s development and reform plans, the Egyptian Ministry of Petroleum and Mineral Resources launched an ambitious strategy, starting in 2016, to develop the performance of the oil refining industry and increase production capacities of petroleum and petrochemical products to secure these vital products locally and reduce imports, taking into account Adding new entities, energies and capabilities, which resulted in the operation of 8 new projects in the field of oil refining and manufacturing, and refinery expansions, at a total investment cost of more than $5 billion.

Comments

Add Comment
No Comments