Suez Oil Processing Company (SOPC) announced plans to refine two million tons of crude oil during new fiscal year (FY) 2018/2019 in addition to  execute new production, innovation and renewal units’ projects for equipment, as well as Health, Safety and Environment (HSE) projects, Egypt Oil & Gas reports.

“SOPC is continuing the construction project of asphalt production unit, which aims to produce around 396,000 tons of asphalt per year, in addition to butane production unit to produce 59,000 tons of butane per annum to cover local market’s demands,” stated SOPC Head, Mohamed Eliwa.

He added that “ the company is developing its coking complex in order to boost diesel production capacity.”

Eliwa’s statements came during a general assembly chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s FY budget.