Production from the Egyptian Refining Company (ERC)’s refinery in Mostorod will be postponed to 2nd quarter of 2018 due to construction delays.
ERC has completed more than 92% of its main project, noting that the company is one of the most important energy producers in Egypt.
ERC will start a trial operation for the new refinery in Mostorod during the fourth quarter of 2017.
Kenya's Energy Regulatory Commission (ERC) announced an immediate drop in fuel rates that will extend until mid-October.
Egyptian Qalaa Holdings is positive that its new mega refinery will reduce the country’s dependence on oil imports, according to what its Chairman, Ahmed Heikal, said in an interview.
Investors in an Egyptian petroleum refinery project, led by Citadel Capital and Qatar Petroleum, have secured $3.7 billion in financing for the facility, the project operator said.
The Egyptian General Petroleum Corporation raised its stake in Egyptian Refining Company, upping overall public stake to 49.5 per cent in a new oil refinery, says company's chairman.