EGYPT

EGPC Outlay On Refinery Upgrades To Top $17Bn

State-owned Egyptian General Petroleum Corporation (EGPC) is progressing refinery upgrades expected to cost a total of $5.4bn, while planning for further new refineries and units with an estimated total cost of $11.8bn. The projects under way are mainly intended to increase upgrading capacity for lighter products at the company’s relatively unsophisticated refineries, while a proposed new refinery at Ain Sukhna and two expansion...