Egyptian refineries are operating at only 70% capacity due to shortages in inputs and a decrease in the efficiency of the refineries, an unnamed official at EGPC told Al Mal. The refineries currently produce around 26.5 mn tonnes per annum while their capacity is 38 mn tonnes, the official added. The story then goes on to recap USD 8.6 bn in refinery maintenance and upgrade projects the ministry hopes will win funding — and lumps in the USD 3.7 bn Qalaa-led ERC project in Mostorod for good measure, presenting the lot of it as if it is in progress and all the ministry’s good work.

Tags: