Egyptian investment firm Qalaa Holdings says start-up at its $4.3bn, 81,500 b/d Egyptian Refining Company (ERC) hydrocracker project at Musturud on the outskirts of Cairo is “imminent” with “overall construction progress of c.98.8% as of December 2018.”

“In recent weeks, ERC has tested and commissioned both diesel and naphtha hydro-treaters, both of which have come back showing positive results, and with all the refinery’s utilities now functioning...