The Oil Ministry is establishing four new petrochemicals projects worth a combined EGP 1 bn, Oil Minister Tarek El Molla told Al Masry Al Youm. The projects come as Egypt looks to maximize the petrochemicals value chain. Speaking at the general assembly of The Egyptian Petrochemicals Holding Company, El Molla stressed the importance of taking into account the availability of domestic production inputs, or the possibility of importing to bridge the gap between supply and demand to maintain production at these new projects.

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