Egypt Increases Refining Capacity by 10% to Meet Demand and Reduce Import Bill

One official stated that the government has postponed scheduled maintenance work for some of the refineries during this period to maximize operational capacity until the crisis is overcome, which may last for weeks in light of the absence of clear indicators for calming tensions.

Egypt primarily relies on local refineries with a total capacity of about 34 million tons annually, which include 8 main refineries, among them the Mostorod Complex, which houses the "Egyptian Refining Company" along with the "Midor" refinery in Alexandria, and other refineries in Suez, Nasr, and Cairo.

The increase in refining aims to cover local market needs and reduce dependence on imported refined petroleum products, especially diesel and gasoline.

The Iran War has caused significant disruptions in global energy markets, with oil prices rising to levels exceeding $120 per barrel before later retracting those gains.

Egypt consumes about 12 million tons of diesel and nearly 6.7 million tons of gasoline annually, making any increase in local production a significant factor in reducing import costs.