product oil refinery for selling machine in egypt

                                               
                                               
                                               
                                               
                                               
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  • Who sells oil in Egypt?
  • The majority of Egypt¡¯s refined products are sold to local markets. Oil producers in Egypt are required to sell their crude oil to the Egyptian General Petroleum Corporation (EGPC) at a price below the world market price, and EGPC then sells the crude to its refineries on the global market, according to the 2013 African Economic Outlook.
  • How many oil refineries are in Egypt?
  • In Egypt, nine out of ten oil refineries are run by the state. This setup meant that investments in oil refineries never measured up to crude oil extraction investments, which had always relied on international firms such as Apache and BP.
  • How much money did Egypt invest in oil refineries in 2015/2016?
  • In fiscal year 2015/2016, investments in refineries topped EGP 724 million compared to EGP 4.11 billion for oil extraction firms, according to the Central Bank of Egypt (CBE).
  • What is the biggest oil refiner in Africa?
  • Oil Refining Background Egypt is the biggest oil refiner in Africa with a total of ten refining companies operating 12 refineries. This is compared to second-place South Africa, which has six refineries, according to an article in Oil & Gas Journal published in 2015.
  • How is oil used in Egypt?
  • Oil-based fuels power millions of automobiles, aircraft and ships around the world and are integral to modern life. But burning oil is also one of the leading sources of CO2 emissions.
  • Which oil grades are used in Egypt?
  • Of Egypt¡¯s three main oil grades¡ªSuez, Balyin, and Western Desert¡ªthe majority is refined domestically and sold at a discount, with only a small percentage sold to international markets. Construction of the new Egyptian Refinery Company (ERC) was planned to begin in April 2014 and scheduled to last three years, according to the Oil & Gas Journal.