Difference between revisions of "Cairo Refinery Project"
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| − | Summary Information | + | === Summary Information === |
The project is also know as the Mostorod Refinery Project | The project is also know as the Mostorod Refinery Project | ||
| − | Ownership: Citadel Capital | + | * Ownership: Citadel Capital |
| − | Website: http://www.citadelcapital.com/ | + | * Website: http://www.citadelcapital.com/ |
| − | Location: Near Cairo | + | * Location: Near Cairo |
| − | Capacity: 5.23 million tons/annum & 112,000 bbl/day | + | * Capacity: 5.23 million tons/annum & 112,000 bbl/day |
| − | Nelson Complexity: | + | * Nelson Complexity: |
| − | Project Stage: | + | * Project Stage: Completed |
| − | Expected Completion: | + | * Expected Completion: 2019 |
| − | Budget: $3.0 Billion | + | * Budget: $3.0 Billion |
| − | The Project | + | |
| − | Project Type: New Facility | + | === The Project === |
| − | Project Summary: An upgrading facility to be built next to the existing Cairo Refinery and will use heavy products as feedstock. | + | * Project Type: New Facility |
| − | + | * Project Summary: An upgrading facility to be built next to the existing Cairo Refinery and will use heavy products as feedstock. | |
| − | + | * The Egyptian Refining Company (ERC) is building a state-of-the-art US$ 3 billion greenfield second-stage oil refinery in the Greater Cairo Area, which will produce over 4 million tons of refined products, including over 2 million tons of EURO V diesel, the cleanest fuel of its type in the world. ERC’s production will be sold to the Egyptian General Petroleum Corporation (EGPC) under a 25-year offtake agreement at international prices. | |
| − | The Egyptian Refining Company (ERC) is building a state-of-the-art US$ 3 billion greenfield second-stage oil refinery in the Greater Cairo Area, which will produce over 4 million tons of refined products, including over 2 million tons of EURO V diesel, the cleanest fuel of its type in the world. ERC’s production will be sold to the Egyptian General Petroleum Corporation (EGPC) under a 25-year offtake agreement at international prices. | + | * Regulatory and environmental approvals for the project have been obtained and ERC has signed a lump-sum turnkey contract with GS Engineering & Construction / Mitsui & Co. The facility is expected to be fully operational by the end of 2015. |
| − | Regulatory and environmental approvals for the project have been obtained and ERC has signed a lump-sum turnkey contract with GS Engineering & Construction / Mitsui & Co. The facility is expected to be fully operational by the end of 2015. | + | * The main part of the debt is expected to come from JBIC and Nexi with 40%. Kexim will provide 30% and the rest will come from the European Investment Bank (EIB) and African Development Bank (AfDB). |
| − | The main part of the debt is expected to come from JBIC and Nexi with 40%. Kexim will provide 30% and the rest will come from the European Investment Bank (EIB) and African Development Bank (AfDB). | + | * Main Contractors: ERC has agreed an engineering, procurement and construction (EPC) contract for the project with a consortium formed between GS Engineering & Construction Corporation (GS) of South Korea and Mitsui & Company, Ltd. of Japan. Worley Parsons Ltd has been commissioned as the project management contractor on behalf of ERC for the construction program. |
| − | Refining Units | + | * Maire Tecnimont: Hydrogen Production Unit, Sulphur Recovery Units, Tail Gas Treatment unit, Amine Processing Unit |
| + | |||
| + | === Refining Units === | ||
The ERC facility will consist of a vacuum distillation unit, a hydro-cracking unit, naphtha and distillate hydro-treating units, a reforming unit, a hydrogen plant and a delayed coking unit. | The ERC facility will consist of a vacuum distillation unit, a hydro-cracking unit, naphtha and distillate hydro-treating units, a reforming unit, a hydrogen plant and a delayed coking unit. | ||
one Hydrogen Production Unit (HPU) of 100,000 Nm3/h capacity; | one Hydrogen Production Unit (HPU) of 100,000 Nm3/h capacity; | ||
| Line 24: | Line 26: | ||
One Tail Gas Treatment unit (TGT) of 325 ton/day capacity; | One Tail Gas Treatment unit (TGT) of 325 ton/day capacity; | ||
One Amine Processing Unit of 90 m3/h capacity. | One Amine Processing Unit of 90 m3/h capacity. | ||
| − | Terminal Capacity | + | === Terminal Capacity === |
Crude Oil: | Crude Oil: | ||
Refined Products: | Refined Products: | ||
| − | Crude Supply | + | === Crude Supply === |
Will use heavy products from adjacent refinery. | Will use heavy products from adjacent refinery. | ||
| − | Products Produced | + | === Products Produced === |
Diesel, jet fuel and naphtha | Diesel, jet fuel and naphtha | ||
| − | History | + | === History === |
| − | 2007 - Mitsui and GS E&C signed Engineering, Procurement and Construction (EPC) contract | + | * 2007 - Mitsui and GS E&C signed Engineering, Procurement and Construction (EPC) contract |
| − | 2010 - Mitsui signs $200 million loan agreement | + | * 2010 - Mitsui signs $200 million loan agreement |
| − | 2012 - Maire Tecnimont signs contract for Hydrogen Production Unit, Sulphur Recovery Units, Tail Gas Treatment unit and Amine Processing Unit | + | * 2012 - Maire Tecnimont signs contract for Hydrogen Production Unit, Sulphur Recovery Units, Tail Gas Treatment unit and Amine Processing Unit |
| − | Other Information | + | * 2019 - The refinery was commissioned |
| − | + | ||
| − | Relevant Links | + | === Other Information === |
| − | Project Web Page | + | Political volatility caused serious delays to the project. |
| − | Mitsui and GS E&C signed US$1.8Bil Egypt refinery order | + | |
| − | News of Project Financing | + | === Relevant Links === |
| − | Awarded Contract of USD 1.8 billion for Overseas Plant Project Egypt ERC Hydrocracker Project | + | * [http://www.citadelcapital.com/current-investments/egyptian-refining-company-petroleum-refining/ Project Web Page] |
| − | Overview from IFC | + | * [http://killajoules.wikidot.com/archive:mitsui-and-gs-e-c-signed-us-1-8bil-egypt-refinery-or Mitsui and GS E&C signed US$1.8Bil Egypt refinery order] |
| − | Overview from EIB | + | * [http://in.reuters.com/article/rbssEnergyNews/idINLDE61E0XN20100215 News of Project Financing] |
| − | Egypt's US$3.6bn refinery finance delay | + | * [http://www.gsconstir.co.kr/english/data/investment/Egypt%20ERC%20-%20FINAL(ENG)(Aug%2029,%202007).pdf Awarded Contract of USD 1.8 billion for Overseas Plant Project Egypt ERC Hydrocracker Project] |
| − | Signing of Loan Agreement for greenfield second-stage oil refinery in Mosorod, Egypt | + | * [http://www.ifc.org/ifcext/spiwebsite1.nsf/b7a881f3733a2d0785256a550073ff0f/445448929fafb5cc852576dc007a9c62?OpenDocument Overview from IFC] |
| − | New Contracts For Maire Tecnimont In Oil, Gas & Petrochemical Business | + | * [http://www.eib.org/projects/pipeline/2007/20070433.htm?searchType=pipelines&country=828&fromYear=2006&indice=1 Overview from EIB] |
| + | * [http://www.reuters.com/article/2011/01/31/idUSLDE70U1CT20110131 Egypt's US$3.6bn refinery finance delay] | ||
| + | * [http://killajoules.wikidot.com/archive:signing-of-loan-agreement-for-greenfield-second-stag Signing of Loan Agreement for greenfield second-stage oil refinery in Mosorod, Egypt] | ||
| + | * [http://killajoules.wikidot.com/archive:new-contracts-for-maire-tecnimont-in-oil-gas-petroch New Contracts For Maire Tecnimont In Oil, Gas & Petrochemical Business] | ||
| + | * [http://killajoules.wikidot.com/archive:qatar-petroleum-announces-the-successful-startup-of Qatar Petroleum announces the successful startup of a refinery venture in Egypt] | ||
| + | |||
| + | [[category:Refinery]] | ||
| + | [[category:Egypt]] | ||
Latest revision as of 15:43, 18 September 2022
Contents
Summary Information
The project is also know as the Mostorod Refinery Project
- Ownership: Citadel Capital
- Website: http://www.citadelcapital.com/
- Location: Near Cairo
- Capacity: 5.23 million tons/annum & 112,000 bbl/day
- Nelson Complexity:
- Project Stage: Completed
- Expected Completion: 2019
- Budget: $3.0 Billion
The Project
- Project Type: New Facility
- Project Summary: An upgrading facility to be built next to the existing Cairo Refinery and will use heavy products as feedstock.
- The Egyptian Refining Company (ERC) is building a state-of-the-art US$ 3 billion greenfield second-stage oil refinery in the Greater Cairo Area, which will produce over 4 million tons of refined products, including over 2 million tons of EURO V diesel, the cleanest fuel of its type in the world. ERC’s production will be sold to the Egyptian General Petroleum Corporation (EGPC) under a 25-year offtake agreement at international prices.
- Regulatory and environmental approvals for the project have been obtained and ERC has signed a lump-sum turnkey contract with GS Engineering & Construction / Mitsui & Co. The facility is expected to be fully operational by the end of 2015.
- The main part of the debt is expected to come from JBIC and Nexi with 40%. Kexim will provide 30% and the rest will come from the European Investment Bank (EIB) and African Development Bank (AfDB).
- Main Contractors: ERC has agreed an engineering, procurement and construction (EPC) contract for the project with a consortium formed between GS Engineering & Construction Corporation (GS) of South Korea and Mitsui & Company, Ltd. of Japan. Worley Parsons Ltd has been commissioned as the project management contractor on behalf of ERC for the construction program.
- Maire Tecnimont: Hydrogen Production Unit, Sulphur Recovery Units, Tail Gas Treatment unit, Amine Processing Unit
Refining Units
The ERC facility will consist of a vacuum distillation unit, a hydro-cracking unit, naphtha and distillate hydro-treating units, a reforming unit, a hydrogen plant and a delayed coking unit. one Hydrogen Production Unit (HPU) of 100,000 Nm3/h capacity; Three Sulphur Recovery Units (SRU) of 162.5 ton/day capacity each; One Tail Gas Treatment unit (TGT) of 325 ton/day capacity; One Amine Processing Unit of 90 m3/h capacity.
Terminal Capacity
Crude Oil: Refined Products:
Crude Supply
Will use heavy products from adjacent refinery.
Products Produced
Diesel, jet fuel and naphtha
History
- 2007 - Mitsui and GS E&C signed Engineering, Procurement and Construction (EPC) contract
- 2010 - Mitsui signs $200 million loan agreement
- 2012 - Maire Tecnimont signs contract for Hydrogen Production Unit, Sulphur Recovery Units, Tail Gas Treatment unit and Amine Processing Unit
- 2019 - The refinery was commissioned
Other Information
Political volatility caused serious delays to the project.
Relevant Links
- Project Web Page
- Mitsui and GS E&C signed US$1.8Bil Egypt refinery order
- News of Project Financing
- Awarded Contract of USD 1.8 billion for Overseas Plant Project Egypt ERC Hydrocracker Project
- Overview from IFC
- Overview from EIB
- Egypt's US$3.6bn refinery finance delay
- Signing of Loan Agreement for greenfield second-stage oil refinery in Mosorod, Egypt
- New Contracts For Maire Tecnimont In Oil, Gas & Petrochemical Business
- Qatar Petroleum announces the successful startup of a refinery venture in Egypt
