Egypt’s state oil refineries post FY 2024/25 results

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi has chaired meetings of the general assemblies of several public sector petroleum companies to approve the results of the fiscal year 2024/2025.

Cairo Oil Refining Company (CORC) led with 7 million tons of refined petroleum at its Mostorod and Tanta plants, alongside investments in 12 new storage tanks, digital transformation, energy efficiency, and emissions reduction initiatives. The company also generated about 347 million Egyptian pounds from manufacturing petroleum equipment and providing technical services.

Alexandria Petroleum Company refined more than 3.5 million tons, supplying both local industries and petrochemical firms with key inputs such as naphtha, asphalt, and kerosene. It invested 1.3 billion Egyptian pounds in safety upgrades, unit modernisation, and energy efficiency, and completed rehabilitation works on berths 1 and 2 at Alexandria Port’s El-Betrol Basin last June.

Amreya Petroleum Refining Company (A.P.R.C.) reported an output of 3 million tons and exports worth $36 million, including raw wax and alkylbenzene. It also supplied 1.1 million tons to other petroleum firms, and launched projects to boost gasoline production, expand storage, and enhance energy efficiency, supported by continuous emissions monitoring.

Minister Badawi highlighted the importance of maximising refinery capacity, securing petroleum supplies for citizens, reducing import costs, and ensuring workplace safety and environmental protection. He reaffirmed the readiness of the ministry and the Egyptian General Petroleum Corporation (EGPC) to support efforts to increase domestic output.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama