Amreya Petroleum Refining Company (APRC) refined over 3 million tons of crude oil in fiscal year (FY) 2020/21, the company’s chairman Mabrouk Abd Allah, said.
This came during the general assembly meeting chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s performance in 2020/21, the ministry said in a statement.
The company produced 72,000 tons of butane, 938,000 tons of mazut, 440,000 tons of 80-octanes benzene, and 955,000 tons of diesel. APRC further produced 96,000 tons of kerosene, and 53,000 tons of essential; special oils; and paraffin wax.
APRC’s output of alkylbenzene reached 54,000 tons, and 18,000 tons of raw wax were produced for export.
The company further produced 64,000 tons of special petroleum products, as well as volumes of toluene and medicinal oil.
APRC’s generated revenues recorded EGP 3 billion, while its implemented investments grew to EGP 493 million, Abd Allah noted.
“The economic measures taken by the state to correct the distortions in the selling prices of petroleum products had a positive impact on the petroleum sector’s success in providing the financial resources necessary to implement a number of development projects and raising the operational efficiency of the infrastructure and refineries,” El Molla said during the general assembly.
Meanwhile, Mahmoud Shaarawy, Minister of Local Development, praised the performance and remarkable progress of the Alexandria and Amreya Petroleum Companies, and their achievements of distinguished business results with the support and follow-up of El Molla, the leaders of the petroleum sector, as well as the important oversight role of the Central Auditing Organization.