{"id":600215,"date":"2019-01-22T04:13:24","date_gmt":"2019-01-22T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/"},"modified":"2019-01-22T04:13:24","modified_gmt":"2019-01-22T04:13:24","slug":"egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/","title":{"rendered":"Egypt to spend USD 9 bn for refinery upgrades, says El Molla"},"content":{"rendered":"

Egypt will spend USD 9 bn over the next four years to upgrade six oil refineries, Oil Minister Tarek El Molla has said, according to Reuters<\/a>. The project aims to increase the country\u2019s production to 41 mn tonnes per year, up from 25 mn tonnes currently. We had noted last year<\/a> that Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) to help fund refinery upgrades as part of a strategy to upgrade refineries nationwide. The minister did not name the refineries or make clear whether the figure includes the USD 4.3 bn Egyptian Refining Company, which government officials have in the past positioned as a refinery upgrade project for the adjacent Cairo Oil Refining Company, which is providing feedstock for ERC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt will spend USD 9 bn over the next four years to upgrade six oil refineries, Oil Minister Tarek El Molla has said, according to Reuters. The project aims to increase the country\u2019s production to 41 mn tonnes per year, up from 25 mn tonnes currently. We had noted last year that Assiut Oil Refining […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,7111,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600215","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"c54fb0dc-65a0-42c0-b343-a2e0e1e14b9d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600188],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to spend USD 9 bn for refinery upgrades, says El Molla - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to spend USD 9 bn for refinery upgrades, says El Molla\" \/>\n<meta property=\"og:description\" content=\"Egypt will spend USD 9 bn over the next four years to upgrade six oil refineries, Oil Minister Tarek El Molla has said, according to Reuters. The project aims to increase the country\u2019s production to 41 mn tonnes per year, up from 25 mn tonnes currently. 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Villa told El Molla that Technip\u2019s work on\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600216,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/","url_meta":{"origin":600215,"position":1},"title":"Egypt\u2019s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"The planned USD 8.5 bn petroleum refining complex in New Alamein is expected to produce some 3.4 mn tonnes of refined crude per year, according to an Oil Ministry statement. 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El Shaboury didn\u2019t specify a time, but added that the project is currently 40% complete. Assiut National\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651568,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/15\/local-refineries-operating-at-70-capacity\/","url_meta":{"origin":600215,"position":3},"title":"Local refineries operating at 70% capacity","author":"enterpriseam admin","date":"15 February 2017","format":false,"excerpt":"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. 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The loan \u2014 arranged by the National Bank of Egypt (NBE) \u2014 will contribute to building\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600215"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600215\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600188"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600215"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600215"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}