Suez Oil Processing Company (SOPC) refined 1.2 million tons of crude oil in fiscal year (FY) 2017/18, 10% more than in the previous fiscal year, Egypt Oil & Gas reports.
Company head Mohamed Eliwa told Minister of Petroleum Tarek El Molla that the value of crude produced by SOPC increased by 12% to reach EGP 2.1 billion in FY 2017/18.
Eliwa’s comments came during the general assembly held with the minister to assess the company’s performance in the previous fiscal year.
SOPC is currently establishing a production unit that will process up to 60,000 tons of butane each year, and an asphalt production unit with a maximum annual capacity of 396,000 tons.
The company is also refurbishing the coking unit to reach maximum capacity and produce diesel that meets global standards.