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$2.8bn Value of Investment Costs of Three Refining Projects

Source: www.oilegypt.com 6/24/2020, Location: Africa

The Higher Committee for Petroleum Projects under Petroleum Minister Tarek El Mulla discussed new oil refining projects.

Mulla said in a statement that they discussed three major oil refining projects in Alexandria, Assiut and Suez at an investment cost of about 2.8 billion dollars.

The committee discussed timetables of implementing these projects and increasing rates of implementation given the current hard times in Egypt due to the spread of the coronavirus, he added.

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