$233M investment to boost high-octane gasoline production

CAIRO – 26 June 2017: Investments in the Nafthas petroleum refining project to produce high-octane gasoline (CCR) in Alexandria are estimated at $233 million and it is expected to start operation in mid-2018, according to a Monday report.

The report was submitted to Minister of Petroleum Tarek El-Molla to follow up on the work progress of the project, which is one of the projects that will maximize the value-added projects that are being supported by the Ministry.

"The total work progress rate at the project reached 78.5 percent," head of the Alexandria National Refining and Petrochemicals Company, Khaled Khalifa said.

Khalifa added that the project will add 850,000 tons annually of reformates to produce CCR, in addition to large amounts of butane gas and hydrogen obtained through the new Nafthas project.

It is expected to increase the production and economic capability of the company, which will thus double its production, according to the report.