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Six mega projects with investments worth $9 billion are being carried out in the field of oil refining in Egypt, Petroleum Minister Tarek el-Molla said on Saturday.
These projects come as part of ongoing efforts to develop the Egyptian oil refining sector, el-Molla said during his inspection of a project being carried out by the Egyptian Refining Company in Cairo’s Mosturod district.
The new project, which cost $1.3 billion, is meant to meet the local market’s needs for oil and high-octane gasoline, the minister added.
Source: MENA & Ahram Online
