Assiut Oil Refining Company (ASORC) targets refining 4.2 million tons (mmt) of crude oil during fiscal year (FY) 2026/27, ASORC Chairman Issa Alaq stated during the general assembly meeting attended by Karim Badawi, Minister of Petroleum and Mineral Resources, to approve the FY 2026/27 investment plan.

During the first half (H1) of the current FY 2025/26, the refinery successfully covered 100% of Upper Egypt’s gasoline requirements. The upcoming investment plan focuses on capacity expansion, including the construction of a new atmospheric distillation unit and a gas recovery unit for liquefied petroleum gas (LPG) production.

To enhance sustainability, the company saved 2,700 tons of mazut by utilizing hydrogen as an alternative fuel for boilers and furnaces. Furthermore, the plan includes the installation of a 10-megawatt (MW) solar power plant to support refinery operations and the upgrading of digital control systems and storage capacities.

During the meeting, Badawi highlighted that ongoing expansion projects in Upper Egypt are vital for reducing the petroleum product import bill. He mandated continuous quality monitoring to ensure all refinery outputs meet standard specifications for domestic consumption.

Via videoconference, the meeting was attended by Mahmoud Esmat, Minister of Electricity and Renewable Energy, and Manal Awad, Minister of Local Development and Environment.

ASORC is an oil and gas sector company working in Upper Egypt. It provides a major share of neighboring provinces’ demand for petroleum products by refining crude oil to meet the region’s needs for petroleum products such as Gasoline, Kerosene, and Gasoil.