Arabian Refinery Company and Qatar Petroleum have successfully launched the Egyptian Refining Company refinery project in Mostorod, north of Cairo.
All of the refinery units are now successfully operating and are expected to ramp up to full production before the end of the first quarter of 2020. This will reduce Egypt's dependence on imported petroleum products.
The successful start up of the refinery, of which Qatar Petroleum owns 38.1% and the Arabian Refinery Company owns 66.6%, will further strengthen Qatar Petroleum's international downstream footprint through this project, which is its largest investment in an Arab country as well as in Africa. The refinery will support Egypt's plans to increase the resilience of its domestic hydrocarbon supply chain and reduce dependence on imports.
The facility aims to process around 4.7 million tonnes per annum of atmospheric residue feed from the adjacent Cairo Oil Refinery Company. It will mainly produce Euro V refined products intended for consumption primarily in Cairo and surrounding areas.