26/05/2021
Tahrir Petrochemicals Complex in Ain Sokhna!
The current administration aspires to make the Suez Canal and the area surrounding it the spearhead of Egypt’s economic revival and its investment hub, the complex will be built on the northern outskirts of Ain Sokhna. Its exports are forecasted to equal 25% of Egypt’s oil and non-oil exports.
Given the scale of the plant, supplying it with crude could prove a challenge, especially as it is unclear whether the new plant will use Egypt’s heavy crude, which is cheap and abundant though complex and expensive to refine, or the lighter variant imported from the Gulf Cooperation Council (GCC) countries and Libya.
Regardless of technicalities, it is imperative that this project is one of Egypt’s biggest steps towards economical reformation which will reflect upon every other industry.
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