Egyptian Bahraini Gas Derivatives Co. plans to increase production at its complex in the Gulf of Suez to the maximum capacity of 123,000 metric tons of propane and 13,000 metric tons of butane a year, the Egyptian Oil Ministry said, without giving a time frame.
The $125 million project, which uses an input of 150 million cubic feet of gas a day, has supplied the state-run Egyptian General Petroleum Corp. with 1,500 tons of butane since it opened in August 2012, according to an e-mailed statement today. Butane canisters are subsidized in the local market and are used for cooking and heating.
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