Alexandria Petroleum Company plans to refine 4.9 million tons of crude oil in fiscal year (FY) 2019/20, company head Medhat Bahgat announced, Egypt Oil & Gas reports.

The company is aiming to produce 1.3 million tons of mazut, 1.3 million tons of naphtha, 1.2 million tons of diesel, 485,000 of jet fuel, 99,100 tons of butane, 37,000 metric tons of solvents, and 6,600 tons of neutral lubricant prepared from 10,000 tons of used lubricants.

The figures were announced during the general assembly chaired by Minister of Petroleum Tarek El Molla, and attended by Minister of Local Development Mahmoud Shaarawy, in order to review the company’s budget plan for fiscal year (FY) 2019/20.