Minister of Petroleum and Mineral Resources, Tarek El Molla, stressed the importance of continued development and modernization of the refining system to improve performance efficiency and reduce waste.

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).

The Mostorod refinery is projected to start operations by the end of 2018.

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, appointed a new head for CORC.

Cairo Oil Refining Company (CORC) refined 4.6 million tons of crude oil in fiscal year (FY) 2016/2017.

El Molla visited the project of the Egyptian Refining Company (ERC) annd the refinery of the Cairo Oil Refining Company (CORC) in Mostorod.

ERC has completed more than 92% of its main project, noting that the company is one of the most important energy producers in Egypt.

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assemblies of Petroleum Gas (Petrogas) and Cairo Oil Refining Company (CORC).

El Molla emphasized the importance of improving oil and gas companies in order to increase their productivity to cover local demand of petroleum derivatives specially butane, diesel and benzine.

Egyptian firms are planning to expand their refining capacity and boost output of petroleum products, companies' representatives stated at the Thirds Annual Energy Conference - Energy and Sustainable Development.