continuous groundnut oil refinery project in egypt

                                               
                                               
                                               
                                               
                                               
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  • What does Egypt's Petroleum program mean for the refining industry?
  • Egypt's petroleum program shifts its focus to refining productivity ¡ª File Photo Egypt's petroleum development and modernization program has shifted its future vision since its launch in 2016 to develop and implement new refinery projects that increase productivity and shape performance in the Egyptian refining industry.
  • How many oil refineries are in Egypt?
  • In Egypt, nine out of ten oil refineries are run by the state. This setup meant that investments in oil refineries never measured up to crude oil extraction investments, which had always relied on international firms such as Apache and BP.
  • What is Cairo Oil Refining Company (Corc)?
  • Cairo Oil Refining Company (CORC) 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.
  • How much money did Egypt invest in oil refineries in 2015/2016?
  • In fiscal year 2015/2016, investments in refineries topped EGP 724 million compared to EGP 4.11 billion for oil extraction firms, according to the Central Bank of Egypt (CBE).
  • Who owns Egyptian Refining Company (ERC)?
  • Egyptian Refining Company (ERC) Unique among Egypt¡¯s refineries, ERC is run by the private sector, which makes up 76.2% of its shares. The biggest shareholder is Qatar Petroleum International (27.9% of shares). Qalaa Holding has 18.8% while IFC holds 6.4% and Dutch Development bank owns 2.2%. EGPC owns 23.8% of shares.
  • How has the refinery industry changed over the years?
  • In recent years, the industry has achieved unprecedented results, with the Egyptian Refining Company (ERC) and other refineries carrying out several refining projects, such as the new diesel production complex in Asyut and expansion projects in the refineries of Suez and Alexandria, among others.