The new diesel production complex in Assiut is 78 percent complete and is expected to be finished by December 2025. With an investment of around USD 3 billion (EGP 147.6 billion), the project is progressing according to the planned timeline, reported the Ministry of Petroleum and Mineral Resources. As of 18 July, Egypt is set to launch an international tender in August to procure approximately 400,000 tons of diesel, according to Asharq Bloomberg. The project aims to help meet Upper Egypt’s demand for petroleum products, especially high-quality diesel, used for diesel-engine cars and operation machines. The decrease in imports, promises a 40 percent reduction in import costs through increased domestic output, with a plan to inject considerable economic benefits into Upper Egypt. Minister of Petroleum and Mineral Resources, Karim Badawi, affirmed on 4 August the ministry’s high interest in supporting the petroleum projects in Upper Egypt to serve the citizens living in the southern governorates. He stated that he supports the actions taken to meet the growing demand for oil products, secure a constant fuel supply, create more jobs, and implement social initiatives to support and serve the local communities….
Assiut’s Diesel Complex Aims to Cut Imports and Boost Production
August 7, 2024
By Nadine Tag
Journalist
