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Egypt: Ministry of Petroleum announces $9 billion investment towards oil refining and petrochemical projects

Egypt has revealed plans to invest around $9 billion in new projects in oil refining and petrochemicals, the Ministry of Petroleum and Mineral Resources announced earlier this week.

In an official statement, the ministry highlighted the implementation of projects in Alexandria, Assiut, and Suez, with an estimated investment of $7.50 billion.

These investments align with Egypt’s objective of maximizing the value derived from its abundant natural resources. 

Link: https://www.egypttoday.com/Article/3/125400/Ministry-of-Petroleum-announces-9B-investment-towards-oil-refining-and

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