The Ministry of Petroleum and Mineral Resources, Tarek El Molla, urged the Egyptian Petrochemicals Holding Company (ECHEM) to expand petrochemical projects to benefit from Egypt’s oil and natural gas resources.

Saudi Aramco pays a great deal of attention to launch five major expansion projects, aiming to boost Saudi Arabia’s crude oil and natural gas output.

KPC plans to invest around $50 billion in expansion projects and new refineries.