Qatar Backs Investment In Major Egypt Refinery

Qatar says it will make critical investments in a $3.7 billion oil refinery project in Egypt, according to a report of the Associated Press.

Qatar’s minister of energy and industry, Mohammed bin Saleh al-Sada, did not give the specific amount of the Qatar share.

Egypt’s Oil Minister Usama Kamal said Saturday the refinery on the outskirts of Cairo will produce 4.2 million tons per year of gasoline, diesel and other energy products.

Saudi Press Agency