A number of Egyptian companies, including E-GAS and GASCO, along with private sector investors, are to commence construction of a new petrochemicals project in Port Said, Egypt. The project is to have an annual capacity of 350,000 tons propylene and polypropylene and is to be built at an investment outlay of US$350 million.
The oil sector will continue the implementation of the projects of the first stage of the 2002-2008 national petrochemicals plan with total investments hitting US$ 3.5 billion, including US$2 billion as foreign direct investments (FDI).
11-Oct-05 
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