Mostorod refinery

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The refinery at the Mostorod Petroleum Complex, situated near Cairo, has a working capacity of 145,000 barrels per day (bpd),[1] making it Egypt's second biggest after the El-Nasr refinery.[2]

The refinery is operated by the Cairo Oil Refining Co. (CORC), a unit of the Egyptian General Petroleum Corporation (EGPC), and first came on stream in 1973. It produces a variety of products including LPG, gasoline, naphtha, propane and fuel gas.

New upgrading facility

Construction on a new upgrading facility at the Mostorod complex, adjacent to the CORC facility, is expected by begin by late 2013.[3] The new facility, a second-stage oil refinery, will use heavy oil products as feedstock[4] and eventually produce over four million tons per year of light petroleum products, including LPG and diesel. Once the project enters commercial operation, according to 2B1st Consulting, it could reduce Egypt's reliance on imports of diesel and other products, and contribute to Egypt‘s self-sufficiency in producing higher-value petroleum products.[5]

The company managing the new facility, Egyptian Refining Company (ERC), is the creation of private equity firm Citadel Capital, which led investment in the project. Total project capital expenditure is approximately US$3.6 billion, making it one of Africa’s largest-ever project finance deals.[6]

References

  1. "Egypt | Extractive Industries", Revenue Watch, retrieved 10 June 2013.
  2. "Citadel Refinery, Mostorod, Egypt", hydrocarbons-technology.com, retrieved 10 June 2013.
  3. "Egyptian Refining Company Reaches Financial Close on US$ 3.7 bn Greenfield Petroleum Refining Project", Citadel Capital website, 14 June 2012.
  4. "Mostorod Refinery Project", A Barrel Full, retrieved 10 June 2013.
  5. "The $3.6 billion ERC Refinery to move on again", 2B1st Consulting, 25 May 2012.
  6. "The $3.6 billion ERC Refinery to move on again", 2B1st Consulting, 25 May 2012.