automatic crude sunflower oil refinery 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.
  • Is Egypt achieving self-sufficiency in oil production?
  • Egypt is moving down the road towards its goal of achieving self-sufficiency in petroleum production and suspending imports by 2023, with a newly established refinery able to supply the south of the country with its crude oil needs.
  • 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.
  • Why is Egypt investing $7bn in oil refinery?
  • Egypt has invested over $7bn since 2016 to make its petroleum facilities process more oil. The refinery in Asyut is one of three major projects implemented in the past four years. In September 2020, Egyptian President Abdel Fattah el-Sisi opened a major oil refinery in northwestern Cairo.
  • What does Egypt's Petroleum program mean for the refining industry?
  • Egypt's petroleum program shifts its focus to refining productivity ¡ª File Photo Egypt's petroleum development and modernization program has shifted its future vision since its launch in 2016 to develop and implement new refinery projects that increase productivity and shape performance in the Egyptian refining industry.