(2 minutes read)
· Egyptian Minister of Oil Tarek El Molla said yesterday (Wednesday) that the new budget of Assiut oil refining company and the oil pipelines company would exceed LE 7 billion.
· The funds will be used to upgrade the efficiency of the production system. Modern equipment will be installed and new operating systems will be introduced to tone up the functioning of the company.
Egyptian Minister of Oil Tarek El Molla said yesterday (Wednesday) that the new budget of Assiut oil refining company and the oil pipelines company would exceed LE 7 billion.
The funds will be used to upgrade the efficiency of the production system. Modern equipment will be installed and new operating systems will be introduced to tone up the functioning of the company. The minister was addressing the general assembly of the two companies.
The funds also will be utilized for completing the digitization process, which is a part of the upgrading and modernizing of the oil sector in Egypt.
