{"id":600216,"date":"2019-01-22T04:13:24","date_gmt":"2019-01-22T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/"},"modified":"2019-01-22T04:13:24","modified_gmt":"2019-01-22T04:13:24","slug":"egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/","title":{"rendered":"Egypt\u2019s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes"},"content":{"rendered":"<p>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, <a href=\"http:\/\/www.petroleum.gov.eg\/ar\/MediaCenter\/LocalNews\/Pages\/mop_21012019_01.aspx\">according to an Oil Ministry statement<\/a>. State-owned Egyptian Petrochemical Holding Company completed its studies on the complex, which is set to come online in 2024, <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/23\/govt-completes-studies-for-usd-7-5-petrochem-complex-in-egypts-new-alamein\/\">last December<\/a>. Egypt will also stop importing refined oil products as we reach self-sufficiency in three years\u2019 time, Oil Minister Tarek El Molla said, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1363047\">according to Al Masry Al Youm<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. State-owned Egyptian Petrochemical Holding Company completed its studies on the complex, which is set to come online in 2024, last December. Egypt will also stop [&hellip;]<\/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":[93,72,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600216","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"089d1c34-6a5d-4fae-ae3e-7ea6591c2831","is_powered_by":true,"section_story_id":"c54fb0dc-65a0-42c0-b343-a2e0e1e14b9d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600188],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes - 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\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes\" \/>\n<meta property=\"og:description\" content=\"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. State-owned Egyptian Petrochemical Holding Company completed its studies on the complex, which is set to come online in 2024, last December. Egypt will also stop [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-22T04:13:24+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes\",\"datePublished\":\"2019-01-22T04:13:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"investment watch\",\"Manufacturing\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-planned-usd-8-5-bn-alamein-refining-complex-to-produce-3-4-mn-tonnes\/\",\"name\":\"Egypt\u2019s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes - 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The key takeaways and announcements: ECHEM signs agreement with previously unknown English consortium for USD 8.5 bn Alamein petrochem facility: The Egyptian Petrochemicals\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603363,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/","url_meta":{"origin":600216,"position":1},"title":"Egyptian Refining Company USD 4 bn facility to come online in June","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"Qalaa\u2019s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June, running at 60% capacity and ramping up to full production by September, Qalaa Holdings Chairman Ahmed Heikal told Al Masry Al Youm. Qalaa, the company leading the project, successfully completed trial runs for the CCR and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646179,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/midor-increase-refining-capacity-by-109-y-o-y-in-1q2017\/","url_meta":{"origin":600216,"position":2},"title":"MIDOR increase refining capacity by 109% y-o-y in 1Q2017","author":"enterpriseam admin","date":"7 June 2017","format":false,"excerpt":"Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% y-o-y in 1Q2017 to 3.9 mn bbl of refined crude, a source tells Al Shorouk. The increase is fueled by the USD 20 mn spent on the first phase of its expansion plan, which started in January. MIDOR targets\u2026","rel":"","context":"In &quot;Energy&quot;","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":600215,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/","url_meta":{"origin":600216,"position":3},"title":"Egypt to spend USD 9 bn for refinery upgrades, says El Molla","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Energy&quot;","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":605149,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/govt-completes-studies-for-usd-7-5-petrochem-complex-in-egypts-new-alamein\/","url_meta":{"origin":600216,"position":4},"title":"Gov\u2019t completes studies for USD 7.5 petrochem complex in Egypt\u2019s New Alamein","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557427,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/nbe-ikarus-to-invest-usd-150-mn-in-petrochemicals\/","url_meta":{"origin":600216,"position":5},"title":"NBE, Ikarus to invest USD 150 mn in petrochemicals","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"Kuwaiti energy investor Ikarus Petroleum Industries will invest around USD 150 mn in the Egyptian petchem sector alongside the National Bank of Egypt (NBE), according to a joint statement (pdf) last week. 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