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Oil & Gas

EBRD lends SOPC $200 million to finance energy efficiency program

Posted: May 23, 2018 at 3:31 pm   /   by   /   comments (0)

Egypt signed yesterday a USD 200 million loan agreement with the European Bank for Reconstruction and Development (EBRD) for the Suez Oil Processing Company (SOPC) to finance the company’s energy efficiency investments, including its Green Economy Transition approach, according to an Investment Ministry statement. “In particular, the Project will focus on the installation of a New Vapour Recovery Unit (VRU), the refurbishment of the old coker unit and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refinery,” according to the EBRD.


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