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Egypt spends EGP 1.2trn on petroleum projects – El-Sisi

Egypt spends EGP 1.2trn on petroleum projects – El-Sisi
The project has been established with investments of $4.3 billion

Cairo – Mubasher: The Egyptian President Abdel Fattah El-Sisi said that the country has spent EGP 1.2 trillion on petroleum projects in the last period.  

El-Sisi expressed his appreciation for the efforts made by Qalaa Holdings in setting up the Egyptian Refining Company’s (ERC) Mostorod hydrocracking complex.

With investments of $4.3 billion, the project has an annual output capacity of 4.7 million tonnes of high-value petroleum products.