What is the role of refining and petrochemical industries in Egypt?
Egypt’s refining and petrochemical industries play a dynamic role in the Egyptian economy. The Egyptian petrochemical industry is considered as one of the most vital strategic industries on which many complementary industries are based, and it has a direct impact on supporting the national economy.
Why should Egypt digitize petrochemicals & refineries?
It is worth mentioning that digitizing both industries play a major role in upgrading and promoting the performance of Egypt’s refineries and petrochemicals complexes. Hence, Egypt is able to meet its local demand and reduce its import bill.
How much oil does Egypt eat a year?
Currently, Egypt consumes about 2.5 million tons of edible oils annually. Only, about 48.5 thousand tons of this quantity is produced by oilseed extraction in local extraction plants. About half of this quantity is produced mainly from cottonseed produced as a byproduct of cotton ginning industry.
How has the production of cottonseed oil changed in Egypt?
According to that Figure, it is quite clear that the production of cottonseed oil in Egypt has been decreased greatly over the years from 1969 whereby it was 125 thousand tons oil in 1969 to 10 thousand tons only in 2019. 2.
Which oil is imported by Egypt?
It is clear that palm oil is the major oil imported by Egypt whereby it represents about 60% of total imported oils in 2018 while the quantity imported from corn oil is the least being about 3% in the same year. Palm oil is imported from Indonesia and Malaysia after being refined, bleached and deodorized (RBD).
Why did Egypt adopt a strategic refining policy?
This reflects the adopted eforts to improve Egypt’s downstream performance which directly afects the value In 2016, the Egyptian Ministry of Petroleum and Mineral Resources (MoP) adopted a strategic refining policy through the vision of the modernization program combined with the implementation of the economic reform program in Egypt.