Project Profile
Location: Cairo, Egypt
Design capacity: 115,000 bpd
Working Capacity: 142,000 bpd
Start-up Year: 1973
Plant valuation: US$4.27billion (2018)
The Mostorod Refinery is situated near Cairo. Egypt's second largest refinery, with working capacity of 142,000 bpd and design capacity of 115,000 bpd. The refinery is operated by the Cairo Oil Refining Co (CORC), a unit of the Egyptian General Petroleum Corp (EGPC), and first came onstream in 1973. EGPC is a subsidiary of Citadel Capital. The Egyptian government plans to increase production of lighter products, petrochemicals and high-octane gasoline products by expanding and upgrading existing refining facilities.
Delayed upgrade programme due to unsettled political situation 2014-2018:
Clarifications in 2018: Targeted expansion will upgrade the Mostorod refining complex by December 2018 in order to reduce the "petroleum products gap" by 30-50%. i.e. oil products import substitution. Egyptian Refining Company Managing Director Mohamed Saad told local media March 2018 that the Mostorod refinery will add 80,000 tonnes of butane gas annually to the local market, 600,000 tonnes of jet fuel, and will produce 850,000 to 1m tonnes of gasoline and 2.3m tonnes of diesel fuel annually, eliminating the need for a large portion of imports. Saad added that total cost of the new refinery increased to $4.27bn from $3.7bn due to delay in implementing the complex for 22 months. Saad says ERC agreed with the banks financing the project to postpone the repayment of the refinery’s loan to mid-2019(first instalment had been due at the end of 2017). Saad said the ERC is committed to paying $16m annually to CORC, even if the refinery produced nothing, until the full operation of the project. CORC also receives a $3 fee per refined barrel of oil. Saad commented that Mostorod will not refine the Iraqi oil imported by EGPC.
DF, June 2018
Original installations at Mostorod include a light naphtha isomerisation unit producing 330,000t per year of high-octane unleaded gasoline and a hydrotreating unit, using processing technology licensed by UOP LLC (subsidiary of Honeywell) of the US. There is also a state-of-the-art control system, power distribution network and fire protection system.
Operators:
Cairo Oil Refining Co (unit of the Egyptian General Petroleum Corp): 100% interest
Contractors:
Consortium of Mitsui & Co., and GS Engineering and Construction Company, South Korea, awarded Engineering, Procurement and Construction (EPC) contract on a lump-sum turnkey project in 2012.
WorleyParsons Limited commissioned as project management contractor for the construction programme in 2012.