Molla was also briefed on the progress made in the development of the carbonization complex at Suez Oil Processing Company (SOPC), as well as modernizing the production unit of butane, at a total cost of USD 1.1 billion. The oil minister and the committee members followed up the pace of work in establishing the two oil refining and petrochemical complexes at the Suez Canal Economic Zone (SCZone) and New El Alamein City. They explored the pace of work in a project to produce medium density fiberboard (MDF) panels in Behira governorate, at a total cost of 217 million euro. The committee reviewed the ongoing work to execute the Petrochemical Logistics Services (PLS) project in Al Max neighborhood in Alexandria. The USD-500-million project is aimed at trading, storing and transporting petroleum products, natural gas and petrochemicals.

Source: Egypt Today July 09, 2020 14:37 UTC