Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic oil production to 41 million tonnes a year, Tarek El Molla, the petroleum minister, has said.
Mr El Molla said during a conference in Cairo late on Sunday in Cairo that the aim was to secure crude oil supplies for Egyptian refineries to increase the volume of refined products.
Egypt currently has eight refineries with a capacity of 38 million tonnes, of which only 25 million tonnes are utilised.
(Reuters/NAN)
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.3>
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
DOWNLOAD THE PREMIUM TIMES MOBILE APP
Now available on
TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information
All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.