Assiut Oil Refining Company (ASORC) is establishing a high-octane gasoline complex with investments worth $450 million, said Mahmoud El Shaboury, head of ASORC, Egypt Oil & Gas reports.

The project will have 660,000 tons annual production capacity, divided into 650,000 tons of gasoline, in addition to quantities of butane and hydrogen, Al Shaboury noted.

The complex is 40% complete with finalized basic engineering designs of the project.

The detailed designs and procurement and installation of the operations area, facilities and services are being implemented by Petrojet and the Engineering for the Petroleum & Process Industries (ENPPI) in cooperation with global companies.

This comes as Minister of Petroleum, Tarek El Molla, visited the project’s location.