Sisi witnesses inauguration of Hydrocracking Complex in Qalubiya's Mostorod
Sunday، 27 September 2020 - 01:24 PM
President Abdel Fattah El Sisi on Sunday 27/9/2020 witnessed the inauguration of the Hydrocracking Complex in Qalubiya's district of Mostorod.
Prime Minister Mostafa Madbouly, House Speaker Ali Abdel Aal, Oil Minister Tarek el Mulla and a galaxy of state officials are attending the inauguration ceremony.
Verses of the Holy Quran were recited at the start of the ceremony.
Following President Sisi's inauguration of El Tagned-Shubra Banha axis project via video conference, a documentary film about the Egyptian Refining Company (ERC) was screened to highlight the importance of oil production and refining projects that Egypt has initiated a long time ago.
The film is produced by the Armed Forces Morale Affairs Department.
Following the screening of the documentary, ERC Chairman Ahmed Heikal extended thanks and appreciation for President Sisi on his support to the oil refining sector and his visit to workers at ERC project sites.
He also praised the economic reform measures introduced by the government to gain the confidence of investors and shareholders in a way that enabled the company to finance the hydrocracking project to be a pillar of the industry in Mostorod district.
Heikal also said the main purpose of the hydrocracking complex project of the ERC is the cracking of mazut (heavy residual fuel oil) to produce higher value products such as diesel, benzene, butane and others.
The project will greatly contribute to decreasing imports of oil products and save from $600 million to $1 billion for the state’s coffers annually.
During his tour at the complex, President Sisi listened to an explanation about the project and its stages, beginning from receiving the heavy oil till producing high-quality petroleum products.
The president posed for a photo op with the project's officials and engineers.