Egypt is Africa’s second largest oil refining nation and holds 23% of the continent’s total, domestically produced, crude oil. Egypt’s market is comprised of 9 refineries—all operated by Egyptian Basic Petroleum Corporation (EGPC) with the exception of the privately owned, MIDOR Refinery in Alexandria. The Wall Avenue Journal reported in 2013 that, “Egypt will spend $18 billion over coming years to construct new refineries and modify present plants in a move to increase its annual gas output.A lot of the refineries are located in Cairo, Alexandria, or Suez. In accordance with the Mbendi info companies, the operating capacities for the refineries are as follows:
The Amiriyah Petroleum Refining Firm has a capability of 78,000 b/d, and a 15,000 b/d vacuum distillation unit. It has a 9,000 b/d alkylation unit, and a 2,000 b/d lube baseoil manufacturing unit.
The El Mex Refinery, operated by the Alexandria Petroleum Firm, has a capacity of 117,000 b/d, and 22,500 b/d of vacuum distillation capability. As well as, it has a lube baseoil manufacturing plant and a bitumen unit.
The Middle East Oil Refinery (MIDOR) was completed in 2002 within the Amiriyah Free Zone, Alexandria. It has a capacity of 100,000 b/d, and has a 35,000 b/d hydrocracker, a 22,800 b/d coker, and a ten,seven-hundred b/d isomerisation unit. Initially a joint Egyptian/Israeli enterprise, the Israeli shareholders offered out to the Egyptian National Bank in 2000.
The El-Nasr Petroleum Company near Suez has a capability of 146,300 b/d. It has a 35,000 b/d hydrocracker and a bitumen unit.
The El-Nasr Petroleum Firm also operates the small Wadi Feran refinery on the Crimson Sea within the Gulf of Suez. It has a capacity of 8,550 b/d, and was designed to service operations related to the Suez Canal.
The Suez Petroleum Processing Firm close to Suez has a capability of 66,400 b/d, and a 9,500 b/d vacuum distillation unit. It has a sixteen,400 b/d delayed coker, and a 1,000 b/d lube baseoil unit.
Relaxation of Egypt:
The Asyut Petroleum Refining Firm near the center of Egypt has a capability of forty seven,000 b/d. This easy refinery has a small Naphtha Reformer, and is designed to supply product to the central and southern areas.
The Tanta refinery close to Port Mentioned is operated by the Cairo Petroleum Refining Firm. It has a capacity of 35,000 b/d. Aside from a small hydrotreating unit it has no upgrading capacity.
The Cairo Petroleum Refining Company in Mostorod, near Cairo has a capability of 145,000b/d.
Egypt’s Refined Products
The vast majority of Egypt’s refined merchandise are bought to local markets. Oil producers in Egypt are required to sell their crude oil to the Egyptian General Petroleum Corporation (EGPC) at a value below the world market value, and EGPC then sells the crude to its refineries on the worldwide market, in keeping with the 2013 African Economic Outlook.
Egypt has to import diesel to fulfill native demand, since diesel consumption is double that of gasoline consumption. Based on International Studies, EGPC sells diesel domestically at retail for fifty nine cents per gallon, however it pays about $2.Eighty per gallon wholesale for imports by the tanker-load.
In keeping with the U.S. Vitality Information Administration, “Egypt exported round 100,000 bbl/d of crude oil together with lease condensate in 2012. Most of Egypt’s exports have been sent to India (46%), the United States (32%), and Italy (17%) in 2012./p>
Egypt can also be dependent on international products, and “is receiving gas shipments to cover its wants for this month, an power official saiddespite $6 billion of free gas given by its Gulf allies,reported Ahram Online final month, including that assist from Saudi Arabia, UAE, and Kuwait is expected to proceed through September.
Importing Arabian Crude For Egyptian Refineries
Tarek El-Molla, CEO of EGPC, recently informed Day by day Information Egypt that Egypt would start importing Arabian oil for Egypt’s refineries, and exporting the upper-quality crude produced within the Western Desert. “El-Molla said this is because Egyptian plants require API 31 crude, which is much like the crude produced by Belayim Petroleum and Arabian Crude.
The Western Desert produces API forty two crude, in line with El-Molla,reported Daily Information Egypt, adding that there’s a pipeline being constructed to transport crude from the Western Desert’s Hamra oil subject to the SUMED repositories within the Alexandria port.
The project is purported to garner positive margins for the state, SUMED, the Ministry of Petroleum, and the MIDOR refinery. El-Molla famous, that “Western Desert crude won’t be exported all of sudden, but through a gradual course of,said Daily Information Egypt. Amounting to about 680,000 b/d, production from the Western Desert fields is estimated to be about fifty five% of Egyptian crude production.
Of Egypt’s three predominant oil grades—Suez, Balyin, and Western Desert—the majority is refined domestically and offered at a low cost, with solely a small proportion offered to worldwide markets.
New Refinery to Improve Egypt’s Capability
Building of the new Egyptian Refinery Company (ERC) was planned to begin in April 2014 and scheduled to last three years, in line with the Oil & Fuel Journal. Building of the refinery, proposed in 2006, met delays following the 2008/9 financial disaster, and the 2011 uprising.
ERC deliberate to increase Egypt’s refinery capability for the primary time since 2001, when the a hundred,000 b/d Sidi Kerir refinery came on-line, In line with Arab Oil and Gasoline Journal.
“The Egyptian Refinery Company (ERC) plant, 20 km north of Cairo, will use gasoline oil produced by an outdated refinery nearby as feedstock to provide 2.Three million tons of diesel per 12 months,stated The African Report, adding that the refinery is anticipated to produce half the quantity of diesel that Egypt at present imports. The plant is projected to be online by 2017.