The opening of the Mostorod Petrochemical. Refinery of the Egyptian Refinery Company. The Egyptian Citadel Refining Facility (ERC) of the Egyptian Citadel Refining Company, which has a cost of $ 4.3 billion. In the opening ceremony, as the largest private sector project of its kind in Africa, the refinery will produce every year about 2.3 million tons. of diesel fuel and 860 thousand tons. of high-octane fuels in addition to jet fuel and butane. , Runtime: 11:03). Heikal said that the facility is expected to lead to a reduction of $ 600 million to one billion dollars in Egypt's. annual import bill, which was previously allocated to the petroleum products produced by the Egyptian Refining Company. The Egyptian Refining Company became fully operational in September 2019, and by using modern technologies, Egypt will greatly help in reducing. carbon and sulfur dioxide emissions.
The refinery is almost done, and the place is amazing. You can watch a video explaining that the idea is to take low-value products. Produced by Cairo Oil Refining Company and convert them into high-value distillates that the market currently needs.
The Egyptian Refining Company contributes to the economy, and the private sector's participation in large projects. that stimulate growth.
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