Page 11 - AfrOil Week 44 2021

AfrOil POLICY AfrOil

The South African president has called for a fair energy transition (Photo: Twitter/@CyrilRamaphosa)

“This help must come in the form of grants, the greatest responsibility for climate change
loans at concessional rates and private invest- because they have historically been the biggest
ment from international and local pools of polluters. Developing economies are the worst
finance. We are encouraged by the commitment affected.
that many of our international partners have “Beyond the matter of support for a fair tran-
shown to support this transition and to develop sition, the truth is that there will be no averting
models of collaboration that could be applied in the global climate crisis if the path to net-zero
other countries.” does not include developing economies. At the
Ramaphosa said that this was not about char- COP26 summit, we have a window of opportu-
ity but fairness and mutual benefit. nity to secure a just transition for all countries
“Countries with developed economies carry and to safeguard the future of our planet.” ™

PROJECTS & COMPANIES
Assiut leads Egypt’s refining progress

EGYPT ANNOUNCEMENTS this week suggest that
progress is being made across Egypt’s refining
sector, which at around 830,000 barrels per day
(bpd) has Africa’s highest capacity.
The Ministry of Petroleum and Mineral
Resources said that the Assiut refinery expan-
sion project will fall under the ministry’s wider,
$7bn project to upgrade existing facilities and
add seven new refineries with a petroleum prod-
uct capacity of 6.2mn tonnes per year (125,000
bpd), predominantly gasoline and diesel.
Minister of Petroleum and Mineral Construction site at Assiut oil refinery (Photo: ANOPC)
Resources Tarek El-Molla said: “We are not a
large oil producer, but we are doing well with In October, project manager Assiut National
refined products. Instead of importing refined Oil Processing Co. (ANOPC) signed a mem-
products, we prefer importing crude oil and orandum of understanding (MoU) with local
refining it locally.” firms Engineering for Petroleum and Process
“The [Assiut] project aims to enlarge the Industries (ENPPI) and Petroleum Projects and
capacity of high-value petroleum production Technical Consultations Co. (Petrojet) for the
with [to] international standard, particularly development of a new atmospheric distillation
the butane and diesel,” he added. unit (ADU).

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