Egypt

The Minister of Petroleum: Maximizing the energies of petrochemical production achieves economic value for the state and provides raw materials for industry

The Minister of Petroleum and Mineral Resources, Engineer Karim Badawi, continued his expanded inspection trips in petrochemical production complexes in Alexandria Governorate, which included the Sidi Kerir Petrochemical factories & ldquo; Sidk & rdquo; And the Egyptian company for the production of linear gasoline & ldquo; Ilab & rdquo; stressing that the increase in production energies of petrochemical achieves an economic value for the state and provides raw materials for industry. A great economic value by converting gas into products higher value that is included in multiple industries, confirming the Ministry’s interest in this sector, which represents the second axis of the ministry’s strategy, according to a statement by the Ministry of Petroleum today, Thursday. Providing products locally, reducing the import bill, and increasing export revenues. For gas supplies and change ships, it helped support the operation of factories, increase their production, and achieve the maximum benefit of gas. This contributes to efforts to motivate investment for partners in increasing local production of this type of gas to direct it to industries with added value instead of traditional consumption. Building, gas, water and drainage pipes, as well as packaging and medical supplies, and others. Which is the main material for the production of industrial detergents, the company covers the full needs of the local market, and it exports the surplus.

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