CORC to Refine 7.8 M tons of Petroleum in FY 2019/20

CORC to Refine 7.8 M tons of Petroleum in FY 2019/20

Cairo Oil Refining Company (CORC) plans to refine 7.8 million tons per year of petroleum during fiscal year (FY) 2019/20, said Gaber Hassan, head of the company, according to Amwal Al Ghad.

The 7.8 million tons will be refined at the Mostorod and Tanta refineries, and will include 750,000 tons belonging to Egyptian Refining Company (ERC), Hassan noted.

Hassan’s comments came during the general assembly chaired by Minister of Petroleum Tarek El Molla to review the company’s budget plans for FY 2019/20.

CORC will refine the amount to produce 82,000 tons of butane; 183,000 tons of naphtha; around 1.2 million tons of different types of benzene; 50,000 tons of kerosene; 520,000 tons of naphtha jet fuel; 1.2 million tons of diesel; 3.6 million tons of mazut; and 20,000 tons of aromatic solvents.

The company plans to continue local manufacturing work worth more than EGP 140 million for the benefit of the oil and gas sector’s firms, Hassan stated.

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Sarah Samir 3498 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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