oil refinery plant crude oil refining in egypt

   
oil refinery plant crude oil refining in egypt
                                               
                                               
                                               
                                               
  • oil refinery plant crude oil refining in egypt
What is a major oil refinery in Egypt?

The refinery in Asyut is one of three major projects implemented in the past four years. In September 2020, Egyptian President Abdel Fattah el-Sisi opened a major oil refinery in northwestern Cairo. A $3.4bn investment, the facility will produce 4.7 million tons of gasoline, diesel, and jet fuel every year.

What is Egypt's oil refining capacity?

Only one was built since; Egyptian Refining Company (ERC) in 2007. Meanwhile, sporadic upgrades have pushed Egypt¡¯s maximum oil refining capacity to 732,550 barrels a day by the end of 2016, according to the Egyptian General Petroleum Corporation (EGPC).

Who owns Egyptian oil refinery?

The refinery is owned by MIDOR, an Egyptian shareholding company in which Egyptian Oil Company (EGPC) has a 78% interest, Enppi has a 10% interest, Petrojet has a 10% interest and Suez Canal Bank has a 2% interest.

Why is Egypt investing $7bn in oil refinery?

Egypt has invested over $7bn since 2016 to make its petroleum facilities process more oil. The refinery in Asyut is one of three major projects implemented in the past four years. In September 2020, Egyptian President Abdel Fattah el-Sisi opened a major oil refinery in northwestern Cairo.