The project was celebrated as one of the most important petroleum refineries in Egypt and Africa with a production capacity of 4.7 mmt of petroleum products per year. Mostrod’s expansion is essential in several manners, one of them is that it aims to decrease Egypt’s annual imports bill by $0.6 -$1 billion.
What is the Egyptian refining company’s Mostorod complex?
The new complex is owned by Al-Qalaa Holding’s Egyptian Refining Company (ERC) and represents an estimated investment of $4.4 billion. It is a state-of-the-art greenfield hydrocracking complex and one of the most advanced petroleum refineries at this technological level in Africa.
Which oil refineries will accelerate Egypt’s self-sufficiency?
Iskander remarked that “Egypt’s new refining capacities added recently or under construction from Cairo Refinery in Mostorod, Assiut Oil Refinery, Midor, and Alexandria Oil Refineries will accelerate Egypt’s self-sufficiency from diesel fuel, high octane fuel as well as jet fuel and butane.”
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).