The new asphalt unit, which is being established at the Suez Oil Processing Company (SOPC), costs EGP 138 million. The unit aims to increase the company's asphalt production during 2018.
The Egyptian General Petroleum Corporation (EGPC) is planning to launch an oil and gas exploration tender before the end of 2017, Minister of Petroleum and Mineral Resources.
The evaluation of the Engineering for the Petroleum & Process Industries (Enppi)'s initial public offering (IPO) resulted in early estimates ranging between $213 million and $267 million.