Cairo – Mubasher: Suez Oil Processing Company intends to invest $98 million in the fiscal year 2017/18, a press release revealed on Monday.
The company also approved the budget estimates for the fiscal year 2017/18, the press release added, clarifying that projects underway include the LPG production unit and the Nafta project worth $44 million in total.
The above two projects are expected to annually produce 48,000 and 81,000 tons respectively, according to the statement.
Further, the asphalt unit and the distilled oil productions are ones of the ongoing projects that are carried out with $54 million investments.
