MoPMR, Egypt/MoPB - Petrochemical Complex in Suez

General Information
Owner Ministry of Petroleum, Egypt
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 $7500m
Award Date February 2026
Completion Date December 2029
Last Updated On February 2025
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 2.2 million tons per year of the diesel oil produced by the Suez refinery to produce 1 million tons of petrochemical products per year and 650,000 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 petrochemical complex

2. Construction of a storage unit

3. Construction of a central control building

4. Construction of metering stations

5. Construction of a crude oil processing facility

6. Construction of a hydro-cracker unit

7. Construction of production unit

8. Installation of machinery and equipment

9. Installation of centrifuge

10. Installation of reactors

11. Installation of a catalyst system

12. Construction of other associated facilities

Second Section

20 February 2025

We have not been able to obtain further updates on this project. We have retained the same project stage and amended the key dates accordingly. We will update the profile as soon as we obtain any new information.

23 April 2024

FEED works are progressing on the project.

20 October 2023

Feasibility studies have been completed on the project.

29 May 2023

The project is still in its initial stages of development.

27 January 2023

The project is still in its initial stages of development.

28 September 2022

The project is still in initial stages of development.

04 February 2022

Feasibility study works are ongoing on the project.

14 December 2021

Bechtel Company and Wood International has been appointed to undertake detailed feasibility study and US International Development Finance Corporation (DFC) and US Exim Bank will fund the project.

15 November 2021

We have not been able to obtain further updates on this project. We have retained the same project stage and amended the key dates accordingly. We will update the profile as soon as we obtain any new information.

28 February 2021

We have not been able to obtain further updates on this project. We have retained the same project stage and amended the key dates accordingly. We will update the profile as soon as we obtain any new information.

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.