Assuit Oil Refining Company’s (ASORC) Octane complex aims to produce 800,000 tons annually of all octane types in addition to increasing butane production to meet the demand of Upper Egypt’s governorates, Tarek El Molla’s, Minister of Petroleum and Mineral Resources, said during a visit to ASORC’s Octane complex
The project is an added value to Assuit refinery; which provides 60-65% of the petroleum products needed to Upper Egypt and the South Valley. The $450 million-project aligns with Egypt’s Vision 2030’s sustainable development plan to secure fuel for the local market and Upper Egypt. The minister highlighted that the ministry’s refining strategy has attracted several investments from major international financing institutions.
El Molla also convened a meeting with the Supreme Committee for Petroleum Projects to review the progress of the Assiut National Oil Processing Company’s (ANOPC) Hydrocracking Complex. The minister added that this project will help in bridging the gap between exports and imports, as it utilizes the latest technologies to refine petroleum contributed to converting low-value diesel into high-value petroleum products. It should be noted that the project has a production capacity of 2.8 million tons of diesel per year, 400,000 tons of Naphtha to produce high-value octane, and 100,000 tons of butane, 300,000 tons of coal, and 66,000 tons of sulfur per year.
El Molla also met with Technip’s President of Operations, Marco Villa, and Francisco Kamarta, Vice President for Business Development, denoting the cooperation between the two parties and the company’s keenness to present outstanding results in the joint petroleum projects in Egypt.