The Egyptian Ministry of Petroleum and Mineral Resources intends to complete the implementation of the coking and diesel production complex project at the Suez Oil Manufacturing Refinery, mid-2025.
A government official told Al Arabiya Business that the project, affiliated with the Egyptian Suez Petroleum Company, will have investments exceeding $1.8 billion, which will enhance the Egyptian state’s production of diesel and a number of types of fuels that the Egyptian market needs, “gasoline, butane.”
He pointed out that the Coalition Complex is awaiting the completion of some financial appropriations to quickly complete the implementation work, as the Egyptian companies Petrojet and Enppi are undertaking the project implementation work.
The official confirmed that the Egyptian Company for the Operation and Maintenance of Petroleum Projects “EEPROM” will undertake the work of operating the “coking complex” as well as training a group of leaders and engineers of the Suez Petroleum Company – the owner of the project – to later assume the entire management of the project, explaining that “EEPROM” may later be assigned any Emergency maintenance work needed by the project.
The Egyptian Ministry of Petroleum and Mineral Resources adopted a strategy to develop the petroleum refining industry about two years ago, ensuring the implementation of a road map for the comprehensive development of refineries in Suez. It has been worked on and reached an advanced stage in implementation.
The Egyptian government was also able to operate 8 new projects in the field of petroleum refining and manufacturing and refinery expansions, with a total investment cost of more than $5 billion, as part of the strategy that was launched in 2016 to develop the performance of the petroleum refining industry and increase the production capacities of petroleum and petrochemical products, to secure these products. vitality locally and reduce imports, according to an official statement by the Egyptian Ministry of Petroleum.
The official said that the “coking complex” will include the establishment of a unit based primarily on obtaining quantities of diesel oil to produce the diesel needed for the Egyptian market, and thus the project will directly reduce the import bill from abroad by approximately 20% per month.
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