The Egyptian government has outlined plans to invest approximately US$9bn over the next four years to boost the domestic refined products output to 41 Mt/year. Egypt currently has eight refineries with a capacity of 38 Mt/year, of which only 25 Mt/year are utilized. In 2017, about 26 Mt of refined products were produced in Egypt, a level which has remained stable during the last decade.
One of Egypt's key refining projects is the expansion of the Middle East Oil Refinery (MIDOR) in Alexandria. The commissioning of the new units is set for 2022 and will enable to increase the refinery's original capacity of 100,000 bbl/d by 60% to a total of 160,000 bbl/d. The modernised refinery will exclusively produce Euro V products. Once upgraded, its annual product quantities will increase to approximately 1.6 Mt/year of high-octane gasoline, 2.2 Mt/year of jet fuel and 2.8 Mt/year of diesel.
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