ASORC to Refine 4.1M tons of Crude Oil in 2019/20

ASORC to Refine 4.1M tons of Crude Oil in 2019/20

Assiut Oil Refining Company (ASORC) plans to refine 4.1 million tons of crude oil during fiscal year (FY) 2019/20, according to company head Mahmoud Hassan, Egypt Oil & Gas reports.

The company will produce 2.4 million tons of mazut, over 1 million tons of diesel, 530,500 tons of naphtha, 73,400 tons of jet fuel, and 37,000 tons of butane, Hassan said.

Hassan revealed the company’s projections during the general assembly chaired by Minister of Petroleum Tarek El Molla to review the company’s budget plans for FY 2019/20. The meeting was attended by Minister of Local Development Mahmoud Shaarawy.

The company’s plan comes in line with the ministry’s strategy to maximize production and rationalize consumption through implementing several projects to boost ASORC’s output.

Sarah Samir 3401 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register