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FINANCIAL NEWS
Egypt owns USD7.4bn eight petroleum projects
15 Aug 2016
(MENAFN) Egyptian petroleum sector carries out eight largest petrochemicals projects with investments value USD7.4bn and whole capacities estimated at 4.5m tons per year.
Accordingly, those projects involve the petrochemicals complex of Egyptian Ethylene and Derivatives firm (Ethydco) whose investments reached USD1.9bn.
Additionally, the cost of producing petrochemicals is estimated at almost USD2.4bn, while this cost was estimated at almost USD450mn before 2000.
The eight projects are located in four governorates; Port Said, Suez, Damietta and Alexandria, while the sector adopted a plan via establishing the Egyptian Petrochem Holding Co.
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