Alexandria Mineral Oils Company (AMOC) [AMOC.CA] has announced the study of new expansion projects that include a complex to produce oil-based lubricants that is estimated to cost USD700-800 mn. The expansion projects also include the production of relatively higher value-added products including heavy oil and Asphalt so that the country could meet its local demand and reduce its imports of those products. (Al Masry Al Youm)
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