Egyptian Refining Co.’s $3.7 Billion Plant Will Start Up in September - BLOOMBERG

November 9, 2017, 2:34 PM GMT+2Mirette Magdy

• Plant will pare country’s need for imported fuel: Chairman
• Refinery is part of plan to raise local processing capacity

Egyptian Refining Co.’s new $3.7 billion processing plant will begin operations in September and save the government some $300 million a year by reducing the country’s reliance on imported fuel, its chairman said.

Ahmed Heikal, who is also chairman of investment company Qalaa Holding, a 19 percent shareholder in the project, said construction of the refinery will be completed in June, with operations to begin in September. The Cairo facility will ramp up output to 98 percent of capacity by the end of 2018.

Israel to examine building GTL plant - NATURAL GAS WORLD

October 20th, 2016, 12:10pm, by Ya'acov Zalel

Israel's energy ministry is exploring the option of building a gas-to-liquids (GTL) plant in Israel. The ministry said that it will assist entrepreneurs to explore that option and consider what the consequences would be for the country's energy sector.

Two years ago the ministry published a request for information for GTL in order to reduce dependence on oil in transport. In 2011 the government set a target of reducing oil consumption by 60% by 2025.

"We are working towards widening the Israeli natural gas market," the ministry director general, Sahul Meridor said in a statement. "Innovative technology of liquid fuel production from natural gas will enable the use of gas in other sectors of the economy and to increase demand for natural gas."