Assiut Oil Refining Company (ASORC) plans to refine 4 million tons of crude oil during fiscal year (FY) 2018/2019, in order tom produce around 36,000 tons of butane, 520,000 tons of naphtha, over 1 million tons of diesel, 2.3 million tons of mazut, and 25,000 tons of jet fuel, Egypt Oil & gas reports.
ASORC is playing a vital and strategic role in providing petroleum products to Upper Egypt, ASORC’s Head, Nagy Kassab, pointed out. He further disclosed that new projects that are currently implemented show the keenness of the Egyptian oil and gas sector for the future of Upper Egypt.
The company is continuously working on implementing the vision of the ministry of petroleum to boost production, ASORC’s head added. At the same time, the company strives to rationalize consumption through projects that use new and renewable energy, implemented in cooperation with Gas Cool Company, Kassab said during the general assembly chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to view the company’s budget for FY 2018/2019.