State-owned Egyptian Petrochemical Holding Company has completed feasibility studies for a USD 7.5 bn petroleum refining complex in New Alamein, a company source said. The source said a US-based company conducted the studies, but did not disclose its name. The facility will refine some 5 mn tonnes of crude per annum when it comes online in 2024. We had noted in July that the Oil Ministry is studying petrochemicals and refining projects, which could potentially take shape under public-private partnership frameworks, in the city.

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