(MENAFN) Egypt set out a target to turn into a self-sufficient country when it comes to the refining market by the year 2022.
Egyptian Petroleum Minister Tarek El Molla unveiled the country to be looking to launch four refineries with a purpose to boost the output of its massive gas initiatives.
According to the minister, "we have important projects for expansion of refineries in Alexandria, Cairo, Suez and in Assiut. Most of them have kicked off already and are in the execution phase and in different levels of execution."
El Molla added that "we have planned that this year one refinery will be getting into stream, next year another one and the following year a third one and the following year there will be a fourth one, whereby we see ourselves in achieving self sufficiency in refining products."