Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, conducted a review of the ongoing diesel production complex project in Assiut, managed by the Assiut National Oil Processing Company (ANOPC). This evaluation took place during a meeting with global and Egyptian companies involved in the project's execution. Attendees included Mr. Marco Villa, CEO of Technip Energies (the general contractor), Francesco Camarati, Head of Business Development at Technip in Egypt, Engineer Walid Lotfi, Chairman of Petrojet, Engineer Wael Lotfi, Chairman of Enppi, Engineer Mohamed Badr, Chairman of ANOPC, Engineer Ahmed Khalifa, Vice President of the Petroleum Authority for Planning and Projects, and Engineer Khaled Al-Badri, Undersecretary of the Ministry of Petroleum for Projects.

Engineer Badawi emphasized that this project is a top priority for the Ministry of Petroleum and Mineral Resources, recognizing its vital and essential role in increasing fuel production. He noted that the project will enhance the output of Egyptian refineries by producing more diesel, thereby reducing the import bill by approximately 40%. This increase in local production will decrease the quantities of diesel that need to be imported. Furthermore, the project will add significant value to the economy, particularly in Upper Egypt, where the project is being established in Asyut.

During the meeting, the minister was briefed on the progress of the ongoing construction activities at the Assiut project site. He discussed with the project leaders ways to accelerate the execution rates, especially following the arrival of all necessary equipment at the site. The project has achieved an overall progress rate of 77%, with a total investment cost of around $3 billion. The targeted completion date is December 2025.

The minister highlighted the crucial role played by Egyptian companies such as Enppi and Petrojet, which are collaborating with the global company Technip in the project’s execution. He praised the exceptional engineering and technical human resources these Egyptian companies possess, which enable them to efficiently execute major projects like this. He also noted their role in increasing the local content of the project.