Egypt Advances Refinery Upgrades As It Looks To Curb Record Fuel Imports

Egypt’s Oil Minister Tarek El Molla has called on the country’s refiners to accelerate new projects as Cairo looks to curb a ballooning products import bill. Imports of both gasoline and diesel more than doubled last year hitting records of 59,000 b/d and 149,000 b/d respectively (see chart).

At the 24 March signing of two new contracts for the 47,000 b/d Assiut refinery in the Nile Valley, 320km south of Cairo, Mr Molla said that the upgrades are part of a planned investment in refining capacity for which more than $8.1bn has been committed to date.

In all, Egypt’s refinery expansion program includes projects under way, which the ministry expects to cost $5.8bn, and further planned projects worth $13.3bn (see table 1). The projects pipeline includes crude distillation capacity expansions at the Midor and Alexandria refineries plus a new plant at Ain Sukhna at the southern end of the Suez Canal. Collectively these projects are slated to raise Egypt’s total throughput capacity from the current 765,000 b/d to almost 1.17mn b/d by 2020 at the earliest. (CONTINUED - 713 WORDS)

DATA INSIDE THIS ARTICLE

chart Egypt Products Imports Hit Record 321,000 B/D In 2015 (Net, '000 B/D)
table Egypt’S Refinery Upgrades
table Egypt Refineries Crude Processing Capacity