Egypt’s Ministry of Petroleum and Mineral Resources revealed plans to invest $9bn 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. The Egyptian ministry has also announced plans to invest in several other refining and petrochemical projects, including a coking complex and diesel production project at the Suez Petroleum Processing Company. The ministry’s investment in these projects is part of a broader strategy to develop Egypt’s petroleum refining industry and increase its production capacities. The ministry expects that the new refining and petrochemical projects will help Egypt reduce its reliance on imports and create jobs.
