EBRD agrees $200m loan to upgrade Egypt's Suez refinery

The European Bank for Reconstruction and Development is providing a $200 million loan for major investments in energy efficiency and refurbishment of an oil refinery owned by Suez Oil Processing Company (SOPC) in Egypt.

The plant has a throughput capacity of three million tonnes each year, or 68,000 barrels of oil per day, and is located at the entrance of the Suez Canal, adjacent to the city of Suez.