- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Egypt Invests $9 B in Refining Projects
Egypt is carrying out six refining mega projects with around $9 billion investments as a part of the oil and gas sector’s Modernization Project, stated Tarek El Molla, Minister of Petroleum, Egypt Oil & Gas reports.
The minister’s comment came during his visit while following up on a project conducted by the Egyptian Refining Company (ERC) in the Mostorod Area.
The new project’s investments reached around $4.3 billion, securing local market’s demands of petroleum products like high-octane benzene.
The development of the project is 99% complete, as its facilities and its highly-pure-hydrogen production unit have started operating , said Mohamed Saad, ERC’ Managing Director.
The project will hydrocrack mazut produced from Cairo Oil Refining Company (CORC) and turn it into 4.1 million tons per year of higher value products, including 2.3 million tons per year of European Standard diesel, 700,000 tons of benzene, 600,000 tons of jet fuel, and 79,000 ton of butane, explained Ahmed Heikal, head of ERC.
