Tuesday, 02 January 2024 12:17 GMT

Egypt to invest USD4bln in petrochemical complex in Suez


(MENAFN) Egyptian Petroleum Minister Tarek el-Molla said that his country will establish a petrochemical complex in Suez, and the investment worth around USD4bln.

The complex will be build by the ministry in partnership with Ministry of Public Business Sector, and the Egyptian Petrochemicals Holding Company (ECHEM) as well as refineries affiliated to the petroleum sector will cooperate in the project.

The minister also said that Japan's Toyota will be in charge of the industrial technologies needed for the complex.

And the complex is set to depend on the refineries affiliated to the petroleum sector in Suez governorate.

MENAFN1607201700450000ID1095628601



MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story