Assiut National Oil Processing Company (ANOPC), a subsidiary of Egyptian General Petroleum Corp. (EGPC), awarded a contract to Italy’s Technip and Enppi to build the USD 1.9 bn fuel refinery in Assiut.
The deal expects to set up a mazut hydrocracking complex as part of a broader scheme to develop the main refinery in the southern governorate of Assiut. It will allow converting lower quality heavy fuel into higher quality products such as LPG, naphtha, kerosene, and gasoline.
Preliminary works include designs, purchase of equipment and negotiating with the financing institutions. The venture targets to provide petroleum products in Upper Egypt and reduce imports. Besides, it contributes to the implementation of the State’s plan to develop Upper Egypt.
The new complex will process 2.5 million tonnes of heavy fuel oil mazut annually from the Assiut refinery. Thus, the estimated production capacity amounts to 1.6 million tonnes of Euro-5 diesel, over 400,000 tonnes of naphtha for high-octane gasoline production, 101,000 tonnes of butane and 330,000 tonnes of sulfur.