Egypt Ministry of Petroleum - Petrochemical Complex in Suez

General Information
Owner Egypt Ministry of Petroleum
Masterplan Project (Parent Profile)
Location Suez, Suez Governorate, Egypt
Status --
Sector Chemical, Production, Petrochemical Plant
Contract Type Engineering Procurement Construction (EPC)
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 0
Net Value $75000m
Award Date November 2022
Completion Date July 2025
Last Updated On November 2021
ProjectId (Old, New) 42001, 218830


Ministry of Petroleum, Egypt (MoP) in partnership with the Ministry of Public Business (MoPB) is planning to construct a petrochemical complex in Suez with the help of Egyptian General Petroleum Corporation.

The project aims at maximizing the utilization of 3 million tons per year of the diesel oil produced by the Suez refinery to produce 1 million tons of petrochemical products per year and 1.8 million tons per annum (MTPA) of petroleum products.

The project involves the construction of a petrochemical complex in the Suez Canal Economic Zone, Suez governorate, Egypt.

The US$7,500 million project includes the following:

1. Construction of a production unit

2. Construction of a storage unit

3. Construction of a central control building

4. Installation of machinery and equipment

Second Section

15 November 2021

The project was in the Study stage as per the last update in May 2020. Since then, neither information has been procured related to its progress, nor obtainable from contact with key stakeholders. We believe the project to still be in the Study stage and have amended the project dates accordingly. We will continue our efforts to obtain information on this project.

28 February 2021

The project was in the Study stage as per the last update in May 2020. Since then, neither information has been procured related to its progress, nor obtainable from contact with key stakeholders. We believe the project to still be in the Study and have amended the project dates accordingly. We will continue our efforts to obtain information on this project.

05 May 2020

The project is facing delays.

11 December 2019

The project is still in the study stage.

23 April 2019

Study activities are ongoing on the project.

21 November 2018

Study activities are underway.

16 May 2018

Study activities are underway.

19 March 2018

The preliminary study is completed and A meeting will be held between MoP and Toyota to discuss the economic indicators, investments and raw materials for an integrated feasibility study of the project.

20 February 2018

Study activities are underway.

16 February 2018

Toyota Tsusho Japanese is undertaking the feasibility study and is expected to complete by the first week of March 2018 The project is expected by to be operational by end of 2023.

20 September 2017

Study activities are underway.

17 September 2017

Feasibility Study underway.

12 July 2017

Study activities are underway.

04 January 2017

MoP and MoPB announced plans to build a petrochemical complex in Suez Governate.