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Egypt moves ahead with Suez Canal coal, diesel projects

 Egypt confirmed further advancements to its coal and diesel complex project in Suez, to enhance oil refineries and improve their capacity of efficiency and production. 

The project, which will require $1.77 billion of funding will be executed within the framework of the Ministry of Petroleum and Mineral Resources' strategy according to a report by the ministry on Oct. 31.

“The project aims to enlarge the capacity of high-value petroleum production with International standard, particularly the butane and diesel.” Egypt’s minister of Petroleum and Mineral Resource, Tarek El-Molla, said. 

ENPPI and Petrojet of Egypt were named as implementing the coaling and diesel complex, while other national companies will be sought to implement other aspects of the project.

Source: Arab News

Written by The Levant