The Egyptian General Petroleum Corporation (EGPC) agreed to increase crude oil supplies to the Alexandria Petroleum Company (APC) refinery as well as accelerate the procedures needed to expand the production of petroleum solvents, which are used in a wide range of industries.
The agreement came during a field visit led by Salah Abdel Kerim, EGPC chairman, who highlighted the importance of preparing a feasibility study for the expansion of solvent production. He also affirmed the full commitment to developing the refining facilities and adding new production units to maximize the economic returns of this activity.
During the visit, Abdel Kerim spoke with the shift workers in the Industrial Security department, emphasizing the importance of adhering to safety standards and preventing exposure to workplace hazards.
The visit proceeded to the site of the boiler rehabilitation works assigned to the Cairo Petroleum Refining Company (CORC), upon the directions of EGPC, at a cost of $4.5 million to be paid in Egyptian Pounds.
Abdel Kerim commended staff from APC and the Cairo Oil Refining Company (CORC) who are managing the project. He was also briefed on the work completed to date and the expected timeline for finalizing the project.
The visit concluded with a meeting with the company’s Unit Managers to discuss what they need for the speedy implementation of different projects
It is worth noting that APC had refined more than 3.5 million tons of crude oil in fiscal year (FY) 2024/25 to produce various petroleum products and petroleum solvents for local industries.