Abarrelfull: Created page with "Summary Information The project is also know as the Mostorod Refinery Project Ownership: Citadel Capital Website: http://www.citadelcapital.com/ Location: Near Cairo Capacity..."

2020-03-10T06:31:45Z

Created page with "Summary Information The project is also know as the Mostorod Refinery Project Ownership: Citadel Capital Website: http://www.citadelcapital.com/ Location: Near Cairo Capacity..."

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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: Preparation
Expected Completion: 2015
Budget: $3.0 Billion
The Project
Project Type: New Facility
Project Summary: An upgrading facility to be built next to the existing Cairo Refinery and will use heavy products as feedstock.
Main Contractors: ERC has agreed an engineering, procurement and construction (EPC) contract for the project with a consortium formed between GS Engineering & Construction Corporation (GS) of South Korea and Mitsui & Company, Ltd. of Japan. Worley Parsons Ltd has been commissioned as the project management contractor on behalf of ERC for the construction program.
Maire Tecnimont: Hydrogen Production Unit, Sulphur Recovery Units, Tail Gas Treatment unit, Amine Processing Unit
The Egyptian Refining Company (ERC) is building a state-of-the-art US$ 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).
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
Other Information
The political volatility is threatening to delay 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

Mostorod Refinery Project - Revision history

Abarrelfull: Created page with "Summary Information The project is also know as the Mostorod Refinery Project Ownership: Citadel Capital Website: http://www.citadelcapital.com/ Location: Near Cairo Capacity..."