QPI, EOC & GPC plans to build new refinery in Cairo

Qatar Petroleum International, Egypt's Orient Company and the Egyptian General Petroleum Corporation (EGPC) are planning to join hands and establish a new USD 3.6 billion refinery in Greater Cairo. The refinery is expected to be operational by 2016.

The new refinery is expected to produce more than 4.2 million tonnes of refined products and oil derivatives annually, including more than 2.3 million tonnes of high quality and environment -friendly diesel per year.

The output from the refinery is expected to cut Egyptian diesel imports by up to 50 per cent.

Read more about: oil
Story first published: Tuesday, September 25, 2012, 9:30 [IST]
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