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Friday, April 26, 2024 18:14 GMT
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, has followed up on the implementation progress of Assiut Oil Refining Company’s (ASORC) gasoline production complex and the operations of Assiut National Oil Processing Company’s (ANOPC) diesel fuel production complex. With investments of US$450 million, the gasoline production complex is one of the strategic oil refining and processing projects within the framework of the country’s sustainable development strategy (Egypt Vision 2030) to provide the required fuel supplies for the local market and meet Upper Egypt’s needs, according to a statement on Sunday. The project aims to produce 800,000 tons of gasoline annually and increase the output of liquefied petroleum gas (LPG) in Upper Egypt.As for the US$2.9 billion diesel fuel production (hydrocracking) complex, it has an output capacity of 2.8 million tons annually of diesel fuel, in addition to 400,000 tons of naphtha, 100,000 tons of LPG, 300,00 tons of coke, and 66,000 tons of sulfur.