The Assiut oil refinery in Egypt is undergoing a significant expansion and modernization effort to meet the rising demand for petroleum products in Upper Egypt. As part of the refinery upgrade, new facilities including a naphtha complex and a hydrocracking complex will be added. This expansion and modernization initiative will further boost the refining capacity of the existing refinery. Presently, the refinery processes 4.5 million tonnes per annum (Mtpa) of distillation crude.

The Neptun Deep Project is a deepwater offshore project located in the Romanian sector of the Black Sea. With OMV Petrom as operator, the project involves the development of the Domino and Pelican South gas fields through 11 offshore wells, 3 subsea infrastructure, a production platform and a pipeline to shore. Its objective is to enhance the value of the Black Sea natural gas resources, increase Romania’s domestic production and strengthen the country’s energy supply security.