The Ministry of Petroleum and Mineral Resources is studying the construction of a new refinery and petrochemicals complex in the Al-Alamein region with investments of about $8.5 billion, Al-Ahram reported.
According to the ministry, four new projects in the petrochemical industry are under way with investments of about $1.5 billion, in addition to six other projects with a total investment of about $7 billion within four years, which will increase the capacity of refineries to more than 41 million tons annually.
The ministry added that five projects have been implemented to expand refineries with a total investment of about $4.6 billion. Moreover, the implementation of the largest two complexes in the petrochemical industry have contributed to the increase in production by 80% in 2015-2018, compared to the period from 2011-2015.
These projects come within the framework of the Ministry’s keenness to develop the refining and petrochemical industries in Egypt and to increase the petroleum and petrochemical products production.