A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson

Biggest oil refinery upgrade project to be implemented in Upper Egypt - ministry

By: MENA
Thu, Oct. 11, 2018
CAIRO - 11 October 2018: Assiut National Oil Processing Company (ANOPC) inked with and Enppi - Engineering Co. For The Petroleum & Process Industries and Italy's Technip firm a contract on carrying out project planning and preparatory work for the Hydrogen Cracking of Mazut Complex that will be built in Assiut Refinery with investments worth $1.9 billion.

The venture is considered one of the biggest strategic projects of developing refineries in the Upper Egyptian governorate of Assiut.

The 3.4 million tonnes/year diesel hydrocracking complex will convert lower-quality heavy fuels (Mazut) into high-quality petroleum products such as LPG, naphtha, kerosene and gasoline.

The preparatory works include the project's main designs, purchase of equipment and negotiating with the financing institutions, said a statement by the Petroleum and Mineral Resources Ministry on Thursday.

The venture targets providing petroleum products in Upper Egypt and reducing imports besides contributing to the implementation of the State's plan to develop Upper Egypt, the statement read.
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