Egypt Implements 37 Petroleum Projects Worth EGP 431.3 b in Two Years

Egypt Implements 37 Petroleum Projects Worth EGP 431.3 b in Two Years

The Minister of Planning and Economic Development, Hala Al Said, announced that 37 petroleum projects were implemented with total investment costs EGP 431.3 billion during the last two years, 18 of which were implemented during FY 2019/2020 worth EGP 96.7 billion.

The achievements of the petroleum sector during the Fiscal years (FY) 2018/2019 – 2019/2020 were included in the report of “Construction Phase Achievements” that was published by the Ministry of Planning and Economic Development.

The report detailed that five projects were implemented in El Beheira at a cost of EGP 16.4 billion putting it on top of governorates in terms of projects cost besides other projects implemented in Suez, Alexandria, North Sinai, Kafr El Shiekh, Assiut, Qalyubia, Daqahlia, Beni Suef, Port Said, Red Sea and Matroh.

In addition, 14 joint projects were executed between the governorates at a total cost EGP 57.3 billion. The report mentioned, also, that the projects that have finished during the past two years included; developing fields of North Alexandria and West Delta at a capacity of 0.7 billion tons per day of petroleum products, Egyptian Refinery Project of Mostorod at a capacity of 4.7 million tons (mmt) of petroleum products per year, natural gas pipeline Nawras/Abu Madi/ Al Gameel.

Additionally, the implemented projects encompass developing West Delta fields in the deep water of Mediterranean at a capacity of 350 million cubic feet per day (mcf/d), developing North West October filed in Gulf of Suez with a capacity 3,200 bbl/d , developing Disouq fields with a capacity of 100 mcf/d, coupling butane pipeline Ras Bakr/ Ras Ghareb/ Assiut to raise pumping of butane to Upper Egypt to 4000 tons per day as well as high octane gasoline production project of Alexandria National Refine and petrochemical (ANRPC) company at a capacity of 700,000 tons of gasoline per year and 10,000 tons of butane per year.

The report also pointed to the production of 63 million tons (mmt) of butane, 4562 billion cubic feet (bcf) of natural gas, 8.2 mmt of petrochemicals and 14.5 mmt mining products.


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