Egyptian Refining Company (ERC) plans to invest $150mn over the next three years to hike capacity by 10%, Ahmed Heikal, Chairman of parent company Qalaa told Al Arabiya Business on 27 November.

The 90,000 b/d hydrocracker-based complex on the outskirts of Cairo entered service in late 2019 and is largely fed by straight run fuel oil output from the neighboring 200,000 b/d Cairo refinery (MEES, 24 January 2020). After a torrid first two years of operation (MEES, 10 December 2021) the plant has finally turned a profit since 2022 (MEES, 30 September 2022). (CONTINUED - 287 WORDS)