Oil & Gas

Egypt plans to double production of petrochemicals in 5 years


The Ministry of Petroleum released a statement about developing of the petrochemical industries within the next five years until 2021.

The statement assured that 8 projects were carried out worth $ 7.3 billion during the previous years.

Capacity of those projects reach 5 million tons a year.

The statement revealed that production of the medium and final chemicals.

It invests about $ 1.5 billion to reach 11 million tons per year.

The statement also assured that there is a plan to construct four complexes of the mini and medium-sized petrochemical industries.

Those complexes create 7500 jobs over the operation period.

(Source: Sada El Balad)


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