Egyptian Prime Minister Mostafa Madbouly has inaugurated a gas recovery project at Nasr Petroleum Company’s refinery in Suez Governorate, representing an investment of 1.1 billion Egyptian pounds (approximately $200 million). The facility, executed through PETROJET as general contractor, is designed to produce 340,000 tons annually of butane and naphtha, a key feedstock for high-octane gasoline production.
According to Karim Badawi, Minister of Petroleum and Mineral Resources, the project enhances the added value and economic benefit of natural gas by utilizing it through processing units rather than flaring. During his visit, Madbouly inspected ongoing development works at the refinery, which was established in 1911, making it one of Egypt’s oldest petroleum facilities.
The refinery now operates three gas recovery units in addition to five production units, with a total capacity of around 7.7 million tons annually. It meets part of Egypt’s demand for key petroleum products including butane, diesel, naphtha, kerosene, jet fuel, mazut, and asphalt, according to NPC Chairman Mohamed Abdullah.
Abdullah also reviewed the company’s logistical facilities, including Nasr Petroleum Port, which receives crude oil and some petroleum products while occasionally serving as an export terminal. The company operates a dedicated area for receiving, storing, and shipping diesel fuel.
Source: egyptoil-gas.com