high profit processing equipments used oil refinery equipment 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.
  • What is ERC Mostorod refinery?
  • The ERC Mostorod refinery with a processing capacity of the refinery of 4.7 million tonnes per annum (Mtpa) reached full-scale commercial operation in August 2019. The refinery converts low value petroleum products produced at the Cairo Oil Refining Company¡¯s (CORC) nearby refinery facility into medium and light distillates.
  • 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.
  • 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 does Egypt encourage investment in energy & petroleum sectors?
  • In addition, the government has introduced a number of financial incentives to encourage investment in the energy and petroleum sectors. These include tax breaks, reduced royalty rates, and more favorable contract terms for investors. Egypt's efforts have not gone unnoticed by the international community.
  • What does the Mostorod refinery produce?
  • The refinery produces LPG, unleaded gasoline, kerosene, jet fuel, gas oil and fuel oil. It is also diversified in producing components and spare parts for refineries. Currently, the Mostorod refinery is witnessing a $3.7 billion upgrade, which will allow it to refine around 4.7 million tons of mazut every year.