oil traders in athens withn refineries in egypt

                                               
                                               
                                               
                                               
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  • What is Egypt’s oil refining capacity?
  • Only one was built since; Egyptian Refining Company (ERC) in 2007. Meanwhile, sporadic upgrades have pushed Egypt’s maximum oil refining capacity to 732,550 barrels a day by the end of 2016, according to the Egyptian General Petroleum Corporation (EGPC).
  • Which is Egypt’s biggest refinery?
  • In terms of refining capacity, CORC is Egypt’s biggest refinery. It was established in 1982 by EGPC, which owns 100% of its shares. CORC has two refineries. One is in Mostorod with a maximum production capacity of 142,000 barrels a day. The other is in Tanta whose production capacity is 35,000 barrels a day.
  • Will Egypt achieve self-sufficiency in refined oil in 2023?
  • Egypt is carrying out multiple large-scale refining and petrochemicals projects with the goal to achieve self-sufficiency in refined oil products in 2023. In February 2022 Saudi Aramco signed an agreement to supply 100,000 bpd of crude to the Red Sea National Refining and Petrochemical’s refining complex, set to come online by the end of 2024.
  • Can Egypt become a regional oil and gas trading hub?
  • Egypt boasts a robust energy infrastructure that is poised to propel it to the forefront as a regional oil and gas trading hub. The country’s strategic location, coupled with its vast energy resources, makes it an ideal candidate to assume this pivotal role. Sarah has been writing in the oil and gas field for 8 years.