Egypt to halve its diesel oil imports by 2019: source

CAIRO - 4 October 2018: Egypt will halve its diesel oil imports by the beginning of 2019 as the Mostorod refinery complex will be piloted in December, a source at the Egyptian General Petroleum Corporation said.

In statements to MENA on Thursday, the source said the complex will come online in the first quarter of 2019 and the complex is expected to produce about 2.3 million tons of diesel oil annually.

The 4.270-billion-dollar complex will secure about 12 percent of the local market needs of petroleum products, the source said.

The complex will be one of the largest oil refining facilities in the Middle East, having an annual production capacity that stands at 80,000 tons of butane, 600,000 tons of jet fuel, 450,000 tons of coal, and 96,000 tons of sulfur, the source added.