Egypt to build US$2.8B oil refinery to maximize resource utilization, create jobs


EGYPT – The government of Egypt has moved ahead with plans to build a US$2.8 billion oil refinery in Upper Egypt to maximize the utilization of state resources and to create jobs for Egyptians residing in the Upper Egypt region. As a sign of commitment to the project, the government of Egypt early this month, signed a contract with the main contractors of the project; Assuit National Oil Processing, Enppi, and Techint Engineering. The more than US $2.8bn contract covers the construction of new processing units such as a Vacuum…

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