The production capacity of Egypt’s refineries rose to 39 million tons per year after the rehabilitation of several refineries, the Head of the Egyptian Petroleum Corporation (EGPC), Abed Ezz El Regal, told Amwal Al Ghad.
A higher production capacity will lead to fewer imports of petroleum products and will lower Egypt’s import bills, Ezz El Regal noted. He added that the sector’s storage capacity now exceeds 14 million tons.
Oil imports have fallen. In September, Egypt’s oil imports fell to $284 million from $452 million in September 2016, Egypt Oil & Gas reports.