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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.

North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.