crude sesame oil refining plant factory in egypt

                                               
                                               
                                               
                                               
                                               
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  • 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.
  • 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.
  • Will Egypt import Arabian oil?
  • Tarek El-Molla, CEO of EGPC, recently told Daily News Egypt that Egypt would begin importing Arabian oil for Egypt¡¯s refineries, and exporting the higher-quality crude produced in the Western Desert. ¡°El-Molla said this is because Egyptian plants require API 31 crude, which is similar to the crude produced by Belayim Petroleum and Arabian Crude.
  • Does Egypt rely on cotton seeds for oil production?
  • Egypt does not rely on upon them for oil production. Cotton crop that is one of the dual-purpose crops is generally grown for textile industry. The cotton seeds are then utilized to produce crude cottonseed oil either by pressing or by solvent extraction or by both of the two technologies together.
  • Who owns Egyptian Refining Company (ERC)?
  • Egyptian Refining Company (ERC) Unique among Egypt¡¯s refineries, ERC is run by the private sector, which makes up 76.2% of its shares. The biggest shareholder is Qatar Petroleum International (27.9% of shares). Qalaa Holding has 18.8% while IFC holds 6.4% and Dutch Development bank owns 2.2%. EGPC owns 23.8% of shares.
  • How much does Egypt's Oil & Gas Plant cost?
  • The company is also building a $54 million diesel production facility to produce 322,000 tons of the fuel, according to Reda Abdel Salam as reported by Egypt Oil & Gas in January 2017. Its production will be directed to NPC for further refinement. There is also a $94 million facility producing butane and asphalt under construction.