Egypt’s MPC, Malaysia’s Petronas to establish oil refining JV in 1Q2019

State-owned Misr Petroleum Company (MPC) and Malaysia’s Petronas will set up a JV to bring MPC’s underutilized oil refinery plant in Amreya to full capacity by 1Q2019, government sources said. The plan will bring the plant’s capacity to 30k tonnes per year. The JV will import crude from abroad and re-export the refined products under a shared brand name. MPC and Petronas signed the partnership agreement last July.