Middle East Economic Survey
VOL. LIV
No 49
5-Dec-2011
EGYPT
Musturud Refinery Project Financing Faces Delays, Targets 1Q12 Financial Close
The completion of the financing for Egyptian Refining Companys (ERCs) $3.7bn Musturud refinery project has seen further delays and is now targeted for the first quarter of next year, MEES understands. The refinery, which will process around 5mn tons/year of heavy fuel oil to produce 4mn t/y of products, including 2.3mn t/y of Euro V diesel, has been very...
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