Egypt - Egyptian Refining Company (ERC)


Project Summary

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

Project General Description

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.

Project Objectives

The project aims to upgrade the existing Cairo Oil Refining Company (CORC) refinery with additional product processing units.

Beneficiaries

The project will benefit the entire Egyptian population.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-EG-FC0-002
Last Update 21 Oct 2020

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Egypt
Coordinates Location Name
30.1427 31.2981 Mostorod