The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holding Group for Investments, said that it is seeking to develop a study to increase its diesel production capacity in the medium term. He noted that ERC is not currently facing diesel crises, and has not reduced its production. ERC’s production of diesel is estimated at 2.3 million tonnes annually. The ERC project saved $300 million annually for the General Petroleum Corporation by avoiding the costs of transporting and securing imported petroleum materials. Earlier, Qalaa Holdings, the owner of ERC, revealed that it is considering further expansion in ERC’s production by 800,000 more tonnes.

Source: Daily News Egypt September 17, 2023 07:55 UTC