SFZ Signs $2.5 B Agreement to Build Salalah Refinery
Salalah Free Zone (SFZ) has signed a usufruct agreement for the establishment of the Salalah Refinery project.
Salalah Free Zone (SFZ) has signed a usufruct agreement for the establishment of the Salalah Refinery project.
Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.
An Iraqi delegation has recently discussed cooperation with Iranian companies in oil and gas projects during a meeting with Iran’s Energy Industries Engineering and Design Company (EIED).
Minister of Petroleum Tarek El-Molla discussed with a delegation from the Kuwait Petroleum Corporation (KPC) investment opportunities and projects, especially refining Kuwaiti crude oil in Egyptian refineries.
The production of the Middle East Oil Refinery (MIDOR) plant will exceed 7 million tons annually by the end of the expansion works.
Saudi Aramco and Malaysia’s Petroliam Nasional Berhad (Petronas) have begun operations at their new naphtha cracker
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.
The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.
Improving energy efficiency at the Egyptian refineries and production units helped Egypt save $350 million per year.
The biggest two refining projects in Upper Egypt will help achieve self-sufficiency of petroleum products.