Egypt says it plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year.
The country’s Petroleum Minister, Tarek El Molla made this known during a conference in Cairo.
We are trying to secure crude oil supplies for Egyptian refineries to increase local production of refined products, the Minister said.
Egypt currently has eight refineries with a capacity of 38 million tonnes, of which only 25 million tonnes are utilised.
Source: Voice of Nigeria