Qatar Petroleum has announced the successful start-up of the Egyptian Refining Company (ERC) Refinery project located in Mostorod, north of the Egyptian capital Cairo. Qatar Petroleum owns 38.1% in the Arabian Refinery Company, which in turn owns 66.6% in ERC. All the units of the ERC Refinery are now operating, and are expected to ramp up to full production before the end of the first quarter of 2020. Qatar Petroleum has participated in this project since 2012, which has cost 4.4 billion US dollars with the aim to process around 4.7 million tons per annum of mainly atmospheric residue feed from the adjacent Cairo Oil Refinery Company. It will mainly produce Euro V refined products such as diesel and jet fuel. This project aims ti reduce Egypt’s dependence on imported petroleum products as well as create job opportunities for the local workforce.
