Improving energy efficiency at the Egyptian refineries and production units helped Egypt save $350 million per year, a source at the Ministry of Petroleum told Al Borsa Newspaper.

The country is also conducting the ‘Zero Routine Flaring by 2030’ Initiative by the World Bank to halt regular burning of flare gas by 2030, the source said.

The Ministry of Petroleum is preparing the legal and structural frames to implementing the flare gas projects at the exploration and production (E&P) areas.

This comes under the ministry’s Modernization project, in which its fourth pillar is related to enhancing the performance of refineries and petrochemical plants through new projects.