Cairo Oil Refining Company

What Cairo Oil Refining Company does

Cairo Oil Refining Company (CORC) is a state-owned Egyptian oil refining enterprise established in 1982 and fully owned by the Egyptian General Petroleum Corporation (EGPC). It operates two refineries — Mostorod (Qalyubia) and Tanta (Nile Delta) — with planned production capacity of 8.65 million tons per year, accounting for approximately 25% of Egypt's total oil refining capacity. The Mostorod refinery runs four crude distillation units plus Isomerization, Platforming, and hydro-treatment units producing LPG, gasoline, solvents, kerosene, gas oil, jet fuel, summer diesel, and fuel oil; the Tanta refinery is a topping plant with two crude distillation units and vapor recovery units producing LPG, gasoline, kerosene, gas oil, jet, bunker fuel, and fuel oil.

CORC's revenue model combines (a) regulated petroleum product sales distributed through EGPC's network to the Great Cairo and Nile Delta regions, (b) turn-key engineering, procurement, construction, and commissioning (EPC) projects for sister companies within the Egyptian petroleum sector, (c) professional training courses in oil and gas disciplines, and (d) equipment rentals including scaffolds, cranes, forklifts, and oil transport trucks. Technical services span inspection/NDT, fabrication workshops, construction and rehabilitation, instrumentation and control (DCS/PLC/SCADA/SIS), commissioning and start-up, maintenance and overhaul, chemical laboratories, HSE, and research and development. Specialized turn-key products include Continuous Emissions Monitoring Systems (CEMS) deployed on 27 internal and external stacks, Flare Gas Recovery Units (FGRU) yielding 30% NG savings and 85 kTA CO2 reduction, and an in-house Energy Management System (EnMS) used to qualify sister companies for ISO 50001 certification.

The company's go-to-market is enterprise field sales via direct engagement with EGPC, sister companies, and select external clients such as the Egyptian Armed Forces, supported by participation in industry events including EGYPES and MOC. Pricing is fully government-regulated with no public disclosure. CORC's sustainability profile includes a $4 million annual savings from FGRU, 210,000 kWh in electricity savings (July-December 2024), 40,000 tCO2e reductions targeted in FY2025/2026, and first/second place recognition in Qalyubia's National Initiative for Green and Smart Projects (2025). The company is undertaking digital transformation with ABB (announced February 2025) and is pursuing MOUs with NOCs and IOCs to expand technical service exports.

Name

Cairo Oil Refining Company

Legal name

Cairo Oil Refining Company

Website

https://corc.com.eg

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cairo Oil Refining Company (CORC) is a state-owned Egyptian refinery under EGPC operating the Mostorod and Tanta plants, representing 25% of Egypt's refining capacity, and delivering turn-key engineering, inspection, fabrication, instrumentation, and emissions-monitoring services to sister petroleum companies.

Ownership category

akta.pro rank

Product category

Oil Refining

NAICS

Petroleum Refineries (32411), Petroleum and Coal Products Manufacturing (324), Petroleum Refineries (324110)

SIC

Petroleum Refining (2911), Chemicals & Allied Products (2800), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD)

Keywords

• Oil refining
• Petroleum products
• Refinery operations
• Industrial fabrication
• Turn-key projects

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Petroleum Refining: Oil refining operations at Mostorod and Tanta refineries producing petroleum products including LPG, Gasoline, Solvents, Kerosene, Gas Oil, Jet, Diesel, and Fuel Oil. Represents 25% of Egypt's oil refining capacity.
2. Turn-Key Projects: Engineering, procurement, construction, and commissioning services for oil and gas projects including supply, installation and operation for sister companies in the Egyptian petroleum sector.
3. Training Services: Professional training courses for petroleum industry disciplines including process, operations, instrumentation, inspection, maintenance, accounting, HR, and software topics for internal employees and external clients.
4. Equipment Rentals: Rental of certified equipment including scaffolds, cranes, forklifts, diggers, winches, oil transportation and suction trucks to sister companies and external parties.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Cairo Oil Refining Company (CORC) refines crude oil at two refineries in Mostorod and Tanta, producing petroleum products including LPG, Gasoline, Solvents, Kerosene, Gas Oil, Jet, Summer Diesel, and Fuel Oil. The company also provides engineering, technical, fabrication, inspection, construction, commissioning, maintenance, instrument & control, chemical laboratory, training, and equipment rental services to sister companies within the Egyptian petroleum sector and external clients.

Product overview

Cairo Oil Refining Company (CORC) operates as a state-owned petroleum refining company representing 25% of Egypt's oil refining capacity. The company operates two refineries (Mostorod and Tanta) and offers an integrated portfolio of oil refining facilities producing LPG, Gasoline, Kerosene, Gas Oil, Jet, and Fuel Oil. Beyond refining, CORC provides comprehensive technical services including fabrication, inspection, construction, instrument & control, commissioning, maintenance, chemical labs, and training. The company also delivers specialized turn-key projects including Continuous Emissions Monitoring System (CEMS), Flare Gas Recovery Unit (Zero Flare/FGRU), and Energy Management System (EnMS).

Differentiator

Problem solved

Functional benefit

Products and services

• Mostorod Refinery An integrated refinery plant with physical separation, conversion, and treatment processes, operating four crude distillation units, Isomerization and Platforming units, and hydro-treatment units, producing LPG, Gasoline, Solvents, Kerosene, Gas Oil, Jet, Summer Diesel, and Fuel Oil.
• Tanta Refinery A topping plant with two crude distillation units and two vapor recovery units, producing LPG, Gasoline, Kerosene, Gas Oil, Jet, Bunker Fuel, and Fuel Oil, operating in compliance with environmental protection regulations.
• Continuous Emissions Monitoring System (CEMS) Turn-key project service covering installation, commissioning, and start-up of Continuous Emissions Monitoring Systems on stacks for refineries and sister companies, including mechanical analysis, fabrication, civil works, and connection to Egypt's environmental agency (EEAA).
• Zero Flare (Flare Gas Recovery Unit - FGRU) Flare Gas Recovery Unit service for stopping routine gas flaring, delivering 30% natural gas savings for fired heaters, maximization of LPG production, and reduction of carbon emissions (CO2 equivalent) by 85 kTA with a payback period of less than 2 years.
• Energy Management System (EnMS) Internally built Energy Management System with certified energy auditors and energy managers, accredited to conduct EnMS audits and qualify sister petroleum companies for ISO 50001 certification.
• Fabrication Workshops Accredited design, fabrication, testing, and delivery service for petroleum and industrial equipment, providing basic and detailed mechanical engineering design, material specification, stress analyses, QA, QC, FEA, and mechanical consultations.
• Inspection Services Inspection and examination services covering NDT evaluation, calibration of static equipment, piping, pressure vessels, heat exchangers, towers, heaters, air coolers, steam boilers, and safety valves, plus QC for newly fabricated equipment.
• Construction Services Construction, maintenance, installation, and rehabilitation services for process equipment, including alignment and vibration analysis, tank design and construction, fired equipment maintenance, heat exchanger cleaning, and laser cutting.
• Instrument & Control Services Process control, instrumentation, and automation services covering detailed engineering, site installation, commissioning, and start-up for DCS, PLC, SCADA, and SIS systems, with reverse engineering and optimization capabilities.
• Commissioning and Start-Up Services Planning, preparation, and testing for catalyst handling, unloading, and reloading, covering pre-commissioning, commissioning, start-up through normal operations, and decommissioning activities.
• Maintenance Services Integrated maintenance, repair, and overhaul solutions for rotating equipment, valves, and heat exchangers, including valve repair and testing with in-situ valve reconditioning.
• Chemical Laboratories Equipped chemical laboratories providing testing of crude oils, gases, finished products, and water samples, as well as calibration services for pressure, temperature, balance, mass, electrical, volume, chemistry, force, torque, and dimension metrology.
• Training Services Professional training courses covering petroleum industry disciplines including process, operations, instrumentation, control, inspection, maintenance, accounting, HR, and software topics, offered online and offline to internal employees and external clients.
• Equipment Rentals Rental of certified equipment including scaffolds, cranes, forklifts, diggers, winches, oil transportation trucks, and suction trucks for sister companies and external parties.
• HSE Services Health, Safety, and Environment services including fire-fighting assets, in-situ emissions monitoring via a mobile campervan, and HSE training courses.
• Research and Development Process engineering research, development, feasibility studies, tendering, technical studies, troubleshooting, and consultation services, including basic and detail design for new static and rotary equipment.
• Turn-Key Projects Complete turn-key project execution service for the oil and gas industry covering engineering, procurement, construction, commissioning, supply, installation, and operation, currently applied to CEMS, Zero Flare (FGRU), and Energy Management System (EnMS) implementations.

Quantifiable outcome

• 25% of Egypt's total oil refining capacity
• +6 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ABBcoreTechnology or Integration · 1 February 2025CORC Chairman Eng. Wael Rizk met with ABB executives including Ahmed El-Sherbiny (Vice Chairman and Managing Director of Energy Sector in North and Central Africa), Tariq Aslam (Regional Director of Digital Transformation for Middle East), and Mohamed Salem Musa (Regional Director for North and Central Africa) to discuss digital transformation initiatives.
• Various NOCs (National Oil Companies)coreStrategic or Co-development Partner · 1 February 2025During EGYPES 2025, CORC signed MOUs with various NOCs for collaborative works to raise operational performance, enhance energy efficiency, and improve carbon footprint.
• IOCs (International Oil Companies)minorStrategic or Co-development PartnerCORC engaged with International Oil Companies at EGYPES 2025 to build bridges of cooperation and discuss opportunities in the oil, gas, and energy industry.
• Egyptian General Petroleum Corporation (EGPC)coreStrategic or Co-development PartnerCORC is owned by EGPC and operates under its direction. Chairman of EGPC, Eng. Salah Abdel Karim, praised CORC's expertise and directed that the company implement projects for all sector companies.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Amreya Petroleum Refining Company: Egyptian state-owned refinery in Alexandria under EGPC. Direct comparable as a sister refinery with overlapping product mix and a documented CORC CEMS installation client.
• Alexandria Petroleum Company: Egyptian state-owned refining and petrochemicals company under EGPC. Direct comparable as a sister Egyptian refinery serving domestic markets and listed as a CORC customer for CEMS projects.
• Suez Oil Processing Company (SOPC): Egyptian state-owned refinery in Suez under EGPC. Direct comparable as a sister refinery; CORC was originally carved out of SOPC assets after 1967, and SOPC is a documented CEMS client.
• Middle East Oil Refinery (MIDOR): Egyptian state-owned refinery in Alexandria, one of the largest in the country. Direct comparable as a similarly positioned EGPC-affiliated refinery operating crude distillation and conversion units for the Egyptian domestic market.
• Asuit Refining Company (ASORC): Egyptian state-owned refinery in Upper Egypt under EGPC. Direct comparable as a sister refinery producing similar petroleum products and a documented CORC client for air cooler packages.

Broad incumbents

• Kuwait National Petroleum Corporation (KNPC): State-owned regional refining powerhouse operating Mina Al-Ahmadi and Mina Abdullah refineries. Comparable as a much larger regional state-owned refining and petrochemical incumbent with broader portfolio but similar state mandate.
• Saudi Aramco (Refining & Petrochemicals): Global state-owned integrated energy major with significant refining operations. Comparable as a broad incumbent whose refining segment operates at vastly larger scale but shares the state-owned, low-cost philosophy relevant to CORC's positioning.

Regional players

• Egyptian National Petroleum and Refining Co. (ENPC): Egyptian petroleum services and refining-adjacent state-owned entity. Comparable as a regional state-owned operator overlapping with CORC's refinery services and equipment fabrication activities.
• Jordan Petroleum Refinery Company (JOPETROL): State-owned Jordanian refinery with comparable scale, product slate, and government mandate. Comparable as a regional state-owned refiner serving a domestic market with similar margin and subsidy dynamics.
• Egyptian Refining Company (ERC): Egyptian refinery project in Mostorod (Qalyubia) with significant hydrocracking capacity. Comparable as a regional Egyptian refining operator physically adjacent to CORC's Mostorod site with overlapping product slate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cairo-oil-refining-company

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cairo Oil Refining Company