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Monday, 21 January 2019

Egypt studying improving 80 octane gasoline in 2H2019

The Oil Ministry expects to complete in 2H2019 a study to swap out 80-octane fuel to 87-octane grade, a ministry official tells Al Mal. No further details were provided on the study, which comes as part of a wider national strategy to upgrade refineries nationwide to improve the quality of locally produced fuel. State-owned Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) last year to help fund these upgrades to its refinery.

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