Alexandria Minerals Oil Company (Amoc), operator of a 35,000 b/d upgrader refinery in Alexandria is considering investing $500mn in a new hydrocracker to eliminate residual fuel oil production in favor of higher value middle distillates.

This chimes with Cairo’s fuel oil reduction drive, the key element of which is the privately-owned Egyptian Refinery Company’s (ERC’s) under-construction $3.7bn hydrocracker-based plant, which will upgrade residual fuel oil from the nearby...