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Italy and Egypt ready for energy cooperation

by ChemOrbis Editorial Team -
  • 09/02/2016 (14:10)
According to media reports, Italy and Egypt have reached an agreement for cooperation in the energy sector in order to increase energy efficiency. Under the agreement, Italy will upgrade Egypt’s Middle East Oil Refinery (MIDOR) and participate in building a petrochemical complex in Ain Sokhna. Italy will also update a number of combined-cycle power plants in Egypt.

Egypt expects to see an increased number of investments from Italy in large scale projects such as the Suez Canal Area Development project.
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