News

Total Plans to Increase Production, Exports from Plant in Egypt’s Borg Al-Arab

Total Plans to Increase Production, Exports from Plant in Egypt’s Borg Al-Arab

total

French oil and gas company Total announced its plans to expand the capacity of its lubricant blending plant in Alexandria’s Borg Al-Arab industrial zone, to reach up to 90,000 tons.

“We plan to increase the exports of the plant’s current production to 40 percent from 25 percent, as well as adding key export markets,” said Ian Lepetit, Total’s managing director.

The company invested EGP 45 million (USD 5.07 million) since 2015 to achieve a strategic plan that consolidates its presence in the country and to cater for both local and export needs. A sum of EGP 30 million was invested in the period 2015-16, while the company plans to invest another EGP in 2017.

Managing Director Lepetit added in press remarks that Total’s recent expansion will raise the plant capacity from 50,000 tons of 280 lubricant products up to 90,000 tons per year.

The production is currently exported to markets in Africa and the Middle East including Lebanon, Uganda, Ethiopia, Madagascar and Zambia.

Total Egypt’s Borg Al-Arab plant spans on an area of 35,000 square meters with an investment value estimated at USD 15 million. It is 65 percent owned by Total and 35 percent owned by Oilibya as a minority shareholder.

Egypt to Launch Tourism Campaign in Italy Next Month
Egyptians Win Silver, Gold Medals at Karate World Championships

Subscribe to our newsletter


News

Nayrouz Talaat is an Egyptian journalist and a reporter for many years. She is currently an editor at The Egyptian Gazette newspaper, an ex-contributor to Aswat Masriya English section and Reuters alumni. Nayrouz also loves reading, walking, watching movies and capturing people's stories.

More in News

Egyptian Superstar Mo Salah Wins Premier League Golden Boot and Playmaker Award

Shereif Barakat22 May 2022

No Cases of Monkeypox Reported in Egypt: Preventive Medicine Sector

Egyptian Streets22 May 2022

Egypt Reaches Water Poverty Stage: Local Development Minister

Shereif Barakat21 May 2022

Egypt Bids Farewell to Veteran Actor Samir Sabry, Aged 85

Egyptian Streets20 May 2022

Central Bank of Egypt Raises Interest Rates by 2%

Marina Makary19 May 2022

Egypt to Open Airport Near Pyramids in July

Shereif Barakat19 May 2022

Egypt’s Vision to Increase Private Sector Investments to 65% in 3 Years

Egyptian Streets16 May 2022

Egypt Plans Digital Process for Establishing Startups

Shereif Barakat16 May 2022