Egyptan Minister of Petroleum and Mineral Resources HE Eng. Tarek El Molla said there will be a forthcoming qualitatve evoluton in the Egyptan petrochemicals industry in light of many new projects currently under executon worth about $ 8 billion of investments. The Red Sea Refning and Petrochemicals Complex project at the economic zone in the Suez Canal comes on top of these projects with investments worth about $7.5 billion. He pointed out that a number of contracts have been signed recently with a group of companies to execute the basic engineering and design work, as well as provide the project’s licensing technology.
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