AMOC provides local market with 1.5M tons of petroleum products in FY2022/23

Updated 10/15/2023 9:35:00 AM
AMOC provides local market with 1.5M tons of petroleum products in FY2022/23

Arab Finance: Alexandria Mineral Oils Company (AMOC) has produced roughly 1.5 million tons of various petroleum products for the local market in the fiscal year (FY) 2022/2023, a statement by the Ministry of Petroleum and Mineral Resources revealed.

The company earned around EGP 21 million after completing the first stage of the Zero Sweet Flare project and reducing carbon emissions by 5,330 tons of carbon dioxide equivalent a year.

The company’s second phase of the project on the optimization of acid gases is underway.

AMOC is an Egypt-based company that operates in the petroleum industry. The company specializes in the production of essential mineral oils, paraffin wax and its derivatives, naphtha, and butane, as well as distributes and markets them in Egypt and abroad.

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