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Article: EGYPT - The Oil Refining Sector.
- Article from:
- APS Review Downstream Trends
- Article date:
- January 9, 2006
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The oil refining sector in Egypt looks set for big expansion, with at least two new projects being promoted. One is a 500,000 b/d grassroots refinery to be built near the Suez Canal, an outlet used by tankers carrying crude oil from the Persian Gulf to Europe. The second is a 130,000 b/d grassroots refinery to be built at Ain Sukhna, on the Red Sea coast which is the terminal for tankers offloading crude oil pumped by pipeline to Sidi Kerir, on the Mediterranean coast near Alexandria.
Egypt now has nine oil refineries with a total capacity of 714,000 b/d. This sector is the biggest on the African continent. The government has spent over $3.5 bn since 1982 to ...