Palestinian-Israeli economic war    EFA official confirms Ahly-Zamalek league derby to go ahead as scheduled    Mori, The Artist's Habitat    The winds of change    Coronavirus death toll reaches 1,876, confirmed cases rise to 73,332    CBE doubles mortgage finance share to 10% total loan portfolio at banks    Don't miss the concerts of The Royal National Ballet of Georgia at the Cairo Opera House    Neanderthals used flowers in their mortuary practices: study    Pancakes with beef ham and cheese    Towards an African anti-terrorism force    Remembering the Nightingale of the Nile    Last leg in the GERD talks    Google Maps celebrates 15th anniversary with introducing new features    China sees fall in coronavirus deaths but WHO urges caution    Little Women on its way to become a classic    Iran's Khamenei calls for high turnout in parliamentary election    HSBC misses expectations pre-tax profit during 2019    Netherlands to face Greece, Wales in Euro 2020 buildup    Most major Gulf stocks dip; Dubai bears the blow on property    Egypt central bank seen keeping key interest rates steady    Egypt posts trade exchange $5.3B with the world in 11 months    Oil prices fall as market weighs coronavirus demand impact    Manchester United's Maguire should have seen red: Chelsea boss Lampard    Hospital director dies in China's Wuhan, epicenter of coronavirus outbreak    Madbouly follows-up progress on new municipal solid waste system    Immigration Minister defends herself against criticism over carpeted canal bridge photo    Shoukry discusses regional crises, Gulf security in bilateral meetings on Munich Conference sidelines    UEFA Champions League: defending champions Liverpool clash with Atletico Madrid    MTI Group to establish e-payment holding company to parent Bee, Masary    EGX-listed companies shrug impact of Coronavirus on sales    Berlinale Africa Hub to take place 20-27 February    Egypt sentences Boutros Raouf Ghali to 30 years for smuggling artefacts    Naguib Mahfouz's daughter donates some of Nobel laureate's belongings to his museum    House of Representatives wronged, history would do it justice: Deputy Speaker of Soliman Wahdan    Rise in coronavirus infections prompts Japan to limit public crowds    Khamenei loyalists may tighten grip at Iran elections    Sharm El Sheikh receives 2 UK flights in 4 years    Sisi attends funeral of former commander of Egypt's air forces    Rockets hit U.S. coalition base in Baghdad, no casualties    Egypt expects final agreement on GERD to be fair: Shoukry    Zamalek dominate Africa from Doha    Egypt's FM expects final, fair deal on Ethiopian dam to serve Cairo's interests    Chinese Grand Prix likely to be called off amid coronavirus concerns    Zamalek clash with Espérance de Tunis, eyeing first CAF Super Cup in almost 17 years    Egypt's Golden Age actress, Nadia Lutfi, dies at 83    Basketball legend Kobe Bryant, Daughter Gianna die in helicopter crash    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    Egypt's Sami Anan released after near two-year detention    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Petroleum Ministry establishes $2.3bn oil refining projects in Assiut
New projects to contribute to reaching self-sufficiency for Upper Egypt in terms of various petroleum products, says El-Molla
Published in Daily News Egypt on 24 - 04 - 2019

The Minister of Petroleum Tarek El-Molla said the largest fuel production complex of high octane, and another for gasoline, diesel, and butane are being implemented in Assiut with total investments worth $2.3bn.
He pointed out that the two new projects will contribute to reaching self-sufficiency for Upper Egypt in terms of various petroleum products.
El-Molla said the two projects represent a model for advanced refining projects which apply the latest technologies in the industry in order to provide high-quality petroleum products that meet the requirements of the market, and are carried out by Egyptian companies specialised in the implementation of the projects. The two projects are established by Enppi and Petrojet, in cooperation with specialised international companies.
During an inspection visit of the expansions of the refinery of Assiut, the minister of petroleum stressed that the new petroleum projects are the axes of development in Upper Egypt.
Furthermore, El-Molla added that increasing refining capacity is a priority for the ministry in light of the directives of the political leadership and its continuous follow-up of this file. He also emphasised the rapid development of the refining industry and the increase of refining capacities which Egypt possesses through new projects which contribute toward securing the country's needs of gas and petroleum, making it a regional hub for their trade.
At the beginning of the inspection tour, the minister headed a meeting of the higher committee for refining projects to follow up on the executive situation of the two high-octane gasoline production projects of the Assiut Petroleum Refining Company and the complex for the production of gasoline, diesel, and butane, as well as to understand the updates of each one based on a specific timetable.

Clic here to read the story from its source.