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  • Will Egypt invest $9bn in New refining and petrochemical projects?
  • Egypt's Ministry of Petroleum and Mineral Resources revealed that $9bn will be invested in new refining and petrochemical projects. The projects, which are currently in the planning or construction phases, are expected to help Egypt increase its refining capacity and production of petrochemicals.
  • How will Egypt improve its refining capacity and production of petrochemicals?
  • Egypt plans to increase its refining capacity and production of petrochemicals through several projects. One of the largest projects is the $3.5bn expansion of the Midor refinery in Alexandria, which will increase the refinery’s capacity by 30%. The projects are currently in the planning or construction phases.
  • What does Egypt's Petroleum program mean for the refining industry?
  • Egypt's petroleum program shifts its focus to refining productivity — File Photo Egypt's petroleum development and modernization program has shifted its future vision since its launch in 2016 to develop and implement new refinery projects that increase productivity and shape performance in the Egyptian refining industry.
  • How much does the Middle East oil refinery cost?
  • These projects include the completion of the expansion of the Middle East Oil Refinery (MIDOR) in Alexandria, aimed at increasing the plant's refining capacity by 60% to produce high-quality petroleum products that meet Euro 5 specifications, with an investment cost of $4.2 billion.
  • How much will Egypt invest in petrochemical projects in 2025?
  • Egypt has announced plans to invest in several refining and petrochemical projects, including a $2bn complex expected to be completed in 2025. The ministry also plans to invest in other projects, such as a coking complex and diesel production project at the Suez Petroleum Processing Company.
  • Will petrochemical projects help Egypt reduce reliance on imports?
  • Egypt's strategy has been successful in doubling the domestic production of petrochemical materials to over 4.3 million tons annually by the end of 2021/22. The new refining and petrochemical projects are expected to help Egypt decrease its reliance on imports and create jobs.