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  • Which oil grades are used in Egypt?
  • Of Egypt’s three main oil grades—Suez, Balyin, and Western Desert—the majority is refined domestically and sold at a discount, with only a small percentage sold to international markets. Construction of the new Egyptian Refinery Company (ERC) was planned to begin in April 2014 and scheduled to last three years, according to the Oil & Gas Journal.
  • What type of oil is used in Egypt?
  • Egypt has three main crude oil grades: Suez, Belayim, and Western Desert. The Suez and Belayim crude oil grades come from offshore fields in the Gulf of Suez and are considered medium, sour crude oil grades. The Suez and Belayim crude oil grades are refined and consumed domestically.
  • Which oil refinery is the most advanced in Egypt?
  • Consumption throughout 2016 has been 7% higher than in 2015, according to Ezz el Regal. MIDOR was established in 1994 by EGPC, which owns 98% of its shares and Suez Canal Bank owning the rest. It is widely regarded as the most advanced oil refinery in Egypt with state-of-art equipment.
  • Is Egypt evaluating oil bids in 1Q24?
  • The Egyptian government reportedly began evaluating bids in 1Q24 and is expected to announce successful bids later in the year.5 Egypt has three main crude oil grades: Suez, Belayim, and Western Desert. The Suez and Belayim crude oil grades come from offshore fields in the Gulf of Suez and are considered medium, sour crude oil grades.
  • Where does palm oil come from?
  • Palm oil is imported from Indonesia and Malaysia after being refined, bleached and deodorized (RBD). The amount of palm oil imported from Indonesia represents 96% of total imported palm oil.
  • How many oil refineries are in Egypt?
  • In Egypt, nine out of ten oil refineries are run by the state. This setup meant that investments in oil refineries never measured up to crude oil extraction investments, which had always relied on international firms such as Apache and BP.