Egypt’s key ongoing downstream project, a 60,000 b/d hydrocracker-based expansion of the 90,000 b/d Assiut refinery in southern Egypt, is 77% complete and on track for December 2025 completion, officials from the Assiut National Oil Processing Company (ANOPC) told oil minister Karim Badawi on 17 July.
The officials also gave a total project cost of $3bn, somewhat higher than the previous $2.5bn figure as per an EPC contract inked with France’s TechnipFMC (now Technip Energies) in December 2020. Work only began two years later at the end of 2022 following delays in tying up financing (MEES, 6 January 2023). (CONTINUED - 137 WORDS)