$8 billion... the cost of 5 petrochemical projects in 2022

  The report of the Ministry of Petroleum and Mineral Resources monitored the most important refining, petrochemical and infrastructure projects that were implemented during the current year and contributed to increasing local production and the trend towards exporting some of the products.

The report said that the ministry's strategy depends on increasing investments in refining, petrochemical and infrastructure projects while managing them with optimal economic utilization to achieve sustainability, reduce costs and reduce emissions.

5 new complexes and projects

  The year 2022 witnessed the continuation of the implementation of 5 new oil refining and processing complexes and projects in Alexandria, Assiut and Suez to produce high-quality petroleum products to cover the needs of the local market, at a total cost of more than $8 billion.

  Completion of the expansion of the Midor refinery in Alexandria, with the aim of increasing the refining capacity of the plant by 60%, in order to produce high-quality petroleum products that comply with Euro 5 standards.

The project, which has an investment cost of $2.4 billion, will increase the refinery's current production capacity to 160,000 barrels per day.

  Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, launched the early operation of the second phase of the MIDOR refinery expansion project, during his inspection visit to follow up on a number of new petroleum projects in Alexandria in May 2022.

The projects also included:

1- Establishing the ANOPC complex for the production of diesel in Assiut. It aims to establish a complex for the conversion of diesel fuel of low economic value with a feeding capacity of 2.5 million tons annually and converting it into high-quality petroleum products (diesel - high-octane gasoline - butane). Its investment cost is about $2.9 billion.

2- Carrying out expansions of the Suez Refinery for the manufacture of petroleum, with the aim of achieving the continuity of safe operation of the production equipment in the coke complex and reaching the design feeding capacity of 1.75 million tons annually of diesel fuel to maximize the quantities of high-quality petroleum products (especially diesel, butane gas and gasoline) in order to contribute to meeting the needs of the market. sweetener from petroleum products.

3- Establishing an air distillation complex at the Assiut Oil Refining Company, A crude distillation complex is underway at the Assiut Refinery, with a production capacity of 5 million tons annually.

4- The attached gas recovery project, with the aim of covering the needs of the local market for petroleum products of high economic value, including diesel, gasoline and butane gas.

5- The projects included the condensate distillation project (CDU) and the gas recovery project for VRU production at the Nasr Petroleum Refinery in Suez.

6- A condensate distillation project is being established with a feeding capacity of 1.2 million tons annually of condensate, in order to produce petroleum products of high economic value (naphta - solar - kerosene - butane).