Global Arab Network | Egypt to Enhance Oil Refining Industry

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Egypt to Enhance Oil Refining Industry

Global Arab Network - - Gamal Ragay

Tuesday, 24 August 2010 13:11

Egyptian Petroleum Minister, Eng. Sameh Fahmi said the international successive developments showed how important is the oil refining industry as it is one of the most important strategic industries to secure the needs of the local market of oil products and the export of the surplus.

Fahmi stressed the need for continued development of the economies of operating the refineries to boost the added value.

Fahmi was addressing the general assembly of the Alexandria national refining and Petrochemicals companies (ANRPC) and Alexandria mineral oils company (AMOC) to endorse the results of their work during the fiscal year 2009/2010.

Moreover, Fahmi stressed the need for finishing works by (ANRPC) for providing more oil products needed by the local market head of (ANRPC). Engineer Mohamed Nassim gave a report on the accomplishments of the company as the amount produced by the company this year reached 908,000 tons scouring an increase of 12 percent over last year’s production the sale of petrol reached 821,000 tons with an increase of 11 percent butane and propane 24,000 tons scoring an increase of 26 %.
(SIS)

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