Consukorra to Provide Smart Solutions to Refineries
Consukorra is arranging EGP 1.9 worth partnerships to provide smart energy solutions to refineries, petrochemical projects and glass manufacturing projects.
Consukorra is arranging EGP 1.9 worth partnerships to provide smart energy solutions to refineries, petrochemical projects and glass manufacturing projects.
A deal is reportedly in place between the two oil giants who share the ownership of the refining complex.
Egypt has renewed the agreement with Saudi Aramco to provide Egyptian refineries with crude oil for six months starting from January 2019.
Egypt plans to develop six refineries at a cost of $9 billion over the upcoming four years.
The planned increase comes to cover growing fuel demands in the light of industrial and electricity recent projects that depend on fuel, in addition to the growing market demand of benzene, diesel and butane.
The Egyptian General Petroleum Corporation (EGPC) plans to increase the capacity of national refineries to exceed 42 million tons per year starting 2019.
The Middle East Oil Refinery (Midor) has signed a $1.7 billion agreement with Technip that will see the Italian company play a leading role in the expansion of the Midor refinery.
Alexandria National Refining and Petrochemicals Company (ANRPC) has finished 97% of the refinery project that will double the national production of 92-octane benzene and 95-octane benzene.
The new propylene and polypropylene factories owned by Sidi Kerir Petrochemicals Company (Sidpec) will start production by 2022.
Nasr Petroleum Company (NPC) plans to refine 3.8 million tons of crude oil and condensates during fiscal year (FY) 2018/2019, NPC’ Head, Nabil Fahmy.