Sinopec studying new investments in oil refining in Egypt

Sinopec Group is studying investing in new oil refining and petrochemicals projects in Egypt, the company’s Vice President Ling Yiqun told Oil Minister Tarek El Molla at a meeting, according to Al Masry Al Youm. Yiqun also invited the minister to visit the company’s refineries in China. Sinopec had acquired 33% of Apache’s concession in the Western Desert in 2013.