Which oil refineries will accelerate Egypt’s self-sufficiency?
Iskander remarked that “Egypt’s new refining capacities added recently or under construction from Cairo Refinery in Mostorod, Assiut Oil Refinery, Midor, and Alexandria Oil Refineries will accelerate Egypt’s self-sufficiency from diesel fuel, high octane fuel as well as jet fuel and butane.”
Why is mostrod a major oil refinery in Egypt?
The project was celebrated as one of the most important petroleum refineries in Egypt and Africa with a production capacity of 4.7 mmt of petroleum products per year. Mostrod’s expansion is essential in several manners, one of them is that it aims to decrease Egypt’s annual imports bill by $0.6 -$1 billion.
What are the biggest refining projects in Egypt?
Perhaps one of the biggest refining projects in Egypt is the expansion of Middle East Oil Refinery (MIDOR) which began in 2017 and rounded up investments of $2.2 billion by the end of 2019. The project is only 33.78% complete, however, due to the pandemic, the project faced several delays and was ultimately shut down as a result.