Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EGPC Refining Investments Reach EGP 4 Bln in 2019-2020


Tue 26 Jan 2021 | 10:51 AM
Ahmad El-Assasy

Official sources in the petroleum sector said that the volume of investments by the Egyptian General Petroleum Corporation (EGPC) and public sector companies in the refining and manufacturing activity amounted to about EGP 4 billion during 2019-2020.

The sources added that the transport and marketing activity of the authority and public sector companies amounted to about EGP 2 billion pounds during the period 2019-2020.

Official sources in the petroleum sector have confirmed that the investments made by EGPC and the public sector companies amounted to about EGP 9 billion during the fiscal year 2019-2020. These investments are distributed among the activities carried out by public sector companies for projects of replacement, renewal, rising efficiency, and industrial security.