The amount of crude oil refined at the Mostorod and Tanta refineries of the Cairo Oil Refining Company (CORC)  reached nearly seven million tons in the fiscal year (FY) 2024/25, enough to cover the local market’s need for various petroleum products, according to Chairman El Sayed Youssef Abbas.

He made that statement during the general assembly chaired by Minister of Petroleum and Mineral Resources Karim Badawi to approve the results of FY 2024/25.

Abbas reviewed the company’s top projects that are currently implemented to develop the infrastructure, including the project to construct 12 containers for crude oil and petroleum products in the company’s new expansion area, in addition to projects that are focused on digital transformation, energy rationalization, and the reduction of carbon emissions.

Additionally, Abbas noted that CORC continues manufacturing petroleum and industrial equipment and devices, as well as providing technical services to companies.

CORC, one of Egypt’s state-owned oil refineries, accounts for 25% of the country’s total oil refining capacity. The company supplies petroleum products to the Great Cairo and Nile Delta regions.