Egypt Invests EGP 43 B in Assiut Oil Projects
Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.
Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.
The meeting reviewed the operational situation of the mazut hydro-cracking complex at ANOPC to secure Upper Egypt's demands.
KBR has won a three-year extension for its maintenance services contract from Satrop, a joint venture between Saudi Aramco and French oil major Total.
The project will receive 2.5 million tons of Mazut a year from ASORC to produce 1.6 million tons of diesel, 402,000 tons of high-octane gasoline, and 101,000 tons of butane, in addition to 330,000 tons of sulfur.
The maintenance work will continue for 45 days.
Trade between the countries increased by 32% last year.
Egypt is carrying out six refining mega projects with $9 billion investments as a part of the oil and gas sector's Modernization Project.
The company is aiming to produce 1.3 million tons of mazut, 1.3 million tons of naphtha, 1.2 million tons of diesel, 485,000 of jet fuel, 99,100 tons of butane, 37,000 metric tons ofs solvents, and 6,600 tons of n ...
Assiut Oil Refining Company (ASORC) plans to refine 4.1 million tons of crude oil during fiscal year (FY) 2019/20, according to company head Mahmoud Hassan.
The 7.8 million tons will be refined at the Mostorod and Tanta refineries, and will include 750,000 tons belonging to Egyptian Refining Company (ERC).