Assiut Oil Refining Company (ASORC)‏ processed over 3.1 million tons of crude oil to maximize its production of high-value petroleum products during fiscal year (FY) 2024/25, ASORC Chairman Mahmoud Nagy stated.

This came during ASORC’s general assembly attended by Karim Badawi, Minister of Petroleum and Mineral Resources, and other ministers.

Nagy explained that diesel production increased to 760,000 tons annually, a rise of 130,000 tons, enough to meet half the needs of the Central and Southern Upper Egypt region. Meanwhile, the company’s gasoline production meets 80% of the local market’s needs in Upper Egypt.

The company further supplies a significant portion of jet fuel to airports in Southern Egypt. The first phase of a project to develop the jet fuel production unit has been completed, which helped meet the demand of airports that receive high numbers of tourists. The second phase, which aims to double the production from the current 600 tons per day to 1,200 tons, is underway.  The second phase would help to expand the supply to airports in Southern Egypt. These efforts have had a positive impact on the company’s results, with net profit increasing by 127% during (FY) 2024/2025 compared to the previous year.

The company chairman also reviewed projects that aim at increasing production capacity. These include a new project with a capacity of 5 million tons of crude oil per year and a unit for producing LPG and naphtha.

Nagy noted that a package of integrated projects is being implemented to rationalize energy use and reduce carbon emissions, a development that would save around EGP 140 million. These include solar energy projects and the successful trial of increasing the use of hydrogen as an environmentally friendly fuel instead of mazut to operate the new boilers in the last quarter of the fiscal year.