Egypt on track to execute two oil flagships in Assiut – minister

By Amwal Al Ghad English On Apr 24, 2019

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

Egypt is executing two major oil refining projects in Upper Egypt, with total investments of $2.3 billion (39.47 billion), Petroleum Minister Tarek el-Molla said on Tuesday.

Situated in Assiut, the two projects will contribute to Egypt’s endeavours to achieve self-sufficiency in different petroleum products, the minister added.

Egyptian firms ENPPI Petroleum and Petrojet will execute the projects in collaboration with global companies, Al Molla revealed.

oil refining projects Tarek El Molla