Egypt executing oil refining flagships of $9bn: minister

By Amwal Al Ghad English On Feb 3, 2019

Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.

Six mega projects with investments worth $9 billion are being carried out in the field of oil refining in Egypt, Petroleum Minister Tarek el-Molla said on Saturday.

These projects come as part of ongoing efforts to develop the Egyptian oil refining sector, el-Molla said during his inspection of a project being carried out by the Egyptian Refining Company in Cairo’s Mosturod district.

The new project, which cost $1.3 billion, is meant to meet the local market’s needs for oil and high-octane gasoline, the minister added.

Source: MENA & Ahram Online