Egyptian Refining Co finally operational in 2020 after the turnaround spearheaded by Freshfields
Financing for the more than $4 billion hydrocracking complex was closed in 2012 before the entire project required a total turnaround, which was completed in late 2019.
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▪ Egyptian Refining Co finally operational in 2020 after the turnaround spearheaded by Freshfields
▪ Financing for the more than $4 billion hydrocracking complex was closed in 2012 before the entire project required a total turnaround, which was completed in late 2019.
▪ https://www.africabusinessplus.com/en/803038/egyptian-refining-co-finally-operational-in-2020-after-the-turnaround-spearheaded-by-freshfields/
Egyptian Refining Company (ERC)’s new complex, currently being delivered by Mitsui & Co and GS Engineering & Construction in Mostorod, 20 kilometres northeast of Cairo, is of strategic importance for the country. By the end of the first quarter of 2020, it will cover between 30% and 35% of Egypt’s diesel needs and will significantly reduce the amount the country spends on fuel imports.
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