| Approval Date | 17 Mar 2010 |
| Signature Date | 09 Aug 2010 |
| Sovereign / Non-Sovereign | Non Sovereign |
| Sector | Power |
| DAC Sector Code | 23330 |
| Commitment | U.A 145,380,533.55 |
| Status | Implementation |
The Egyptian Refining Company (ERC) responds to increasing demand for refined oil products in Egypt. It will upgrade the existing Cairo Oil Refining Company (CORC) refinery with additional product processing units. The ERC will further process products from the existing CORC refinery to produce additional high-quality petroleum products essential to Cairo and Upper Egypt consumers. This Project, which is to be located in the Mostorod District in the Qalyoubia Governorate 40 km outside Cairo, will be built within the existing Mostorod Petroleum Complex. Non-operating facilities such as offices, warehouses and workshops will be located on the site previously occupied by Chini, Misr Aluminum and El Nasr Glass factories near El Karatssa. Construction activity will be over a three-year period. The operational lifespan of the facility is expected to be approximately 25 years.
The project aims to upgrade the existing Cairo Oil Refining Company (CORC) refinery with additional product processing units.
The project will benefit the entire Egyptian population.
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Funding
African Development Bank
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| IATI identifier | 46002-P-EG-FC0-002 |
| Last Update | 21 Oct 2020 |
| private-sector@afdb.org |