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Released July 28, 2021 | NEW DELHI, INDIA
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Researched by Industrial Info Resources (Sugar Land, Texas)--The Egyptian government is focusing on expanding its biggest revenue sector, Petroleum Refining, by adding new refineries and expanding existing ones.
According to the BP Statistical Review on World Energy, Egypt consumed 734,000 barrels per day (BBL/d) of petroleum products in 2019.
Currently, Egyptian refiners are processing 749,000 BBL/d, which is enough to meet the country's domestic needs. Egyptian refiners plan to add 454,000 BBL/d of crude oil processing capacity by 2026, which would place the total capacity at 1.2 billion BBL/d, while its domestic consumption would be 745,000 BBL/d by 2026.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
According to the BP Statistical Review on World Energy, Egypt consumed 734,000 barrels per day (BBL/d) of petroleum products in 2019.
Currently, Egyptian refiners are processing 749,000 BBL/d, which is enough to meet the country's domestic needs. Egyptian refiners plan to add 454,000 BBL/d of crude oil processing capacity by 2026, which would place the total capacity at 1.2 billion BBL/d, while its domestic consumption would be 745,000 BBL/d by 2026.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
