Egypt plans $5-bn petrochem complex in New Alamein industrial zone
07 Sep 21 1 min read
Egypt is planning to build a $5-billion petrochemical complex in the New Alamein industrial zone, said minister of petroleum and mineral resources Tarek El-Molla, who foresees an oil surplus of up to $500 million this year. The development is part of the Saudi plan to build many large projects to reach self-sufficiency in petrochemicals by 2023 end.
The ministry aims at delivering gas to around 7 million housing units during the next three years at a rate of 1.2 million housing units annually within the approved national plan, according to an Egyptian newspaper report.
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
The ministry aims at delivering gas to around 7 million housing units during the next three years at a rate of 1.2 million housing units annually within the approved national plan, according to an Egyptian newspaper report.
Fibre2Fashion News Desk (DS)
Popular News
|
UK concludes tax agreement with Peru, ratifies deal to join CPTPP |
|
Aarti Industries & UPL forge JV for specialty chemicals |
|
Bangladesh 3rd largest apparel supplier for Malaysia this year |
|
ICE cotton prices surge amid crop concerns & weaker US dollar |
|
Cotton sowing in north India may drop amid pest concerns, crop delayed |
|
Demand rises in south India’s cotton yarn market, prices up in Mumbai |