Newsletter subscribe
Tag: Ain Sokhna
Agility

Agility to manage Logistics for Carbon Holdings

Posted: January 27, 2019 at 12:07 am   /   Oil & Gas

Work will support Middle East’s largest petrochemicals complex. Agility, a leading global logistics provider, has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC). Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, […]

No Comments read more
Hoegh Gallant

Egypt, Höegh LNG rework FSRU Gallant contract

Posted: October 16, 2018 at 4:26 pm   /   Oil & Gas

Höegh, EGAS rework FSRU Höegh Gallant deal. Höegh LNG said it has decided to amend the Höegh Gallant FSRU time charter with Egypt Natural Gas Holdings Company (EGAS). Under the amended contract, the Höegh Gallant will be chartered as an LNG carrier to a third party, and EGAS will compensate for the rate difference between […]

No Comments read more
Indorama Ventures

Thailand’s Indorama acquires 50% stake in EIPET from India’s Dhunseri

Posted: June 19, 2018 at 1:42 pm   /   Oil & Gas

Thailand’s Indorama signs acquisition agreement with India’s Dhunseri for EIPET’s Ain Sokhna facility, 50% stake in EIPET: Indorama Netherlands BV, an indirect subsidiary of Thailand’s Indorama Ventures, signed on Thursday an agreement with India’s Dhunseri Petrochem to acquire a chunk of the Egyptian Indian Polyester Company’s (EIPET) polyethylene terephthalate (PET) plant in Ain Sokhna. The […]

1 Comment read more
Bechtel

MEED: Bechtel to sign contract for Carbon Holdings’ Tahrir Petrochemicals Complex

Posted: June 4, 2018 at 3:32 pm   /   Oil & Gas

Bechtel to sign deal for Egypt’s largest-ever petrochemicals project – Four separate EPC contracts have also been awarded. US-based Bechtel is due to sign a contract in late June with Egypt’s Carbon Holdings for the $8bn Tahrir Petrochemical Complex (TPC) at Ain Sokhna, according to industry sources. The contract will cover project management consultancy (PMC) for […]

18 Comments read more

Carbon Holdings plans potentially the largest IPO in Egypt since 2011

Posted: March 11, 2018 at 8:40 pm   /   Oil & Gas

Carbon Holdings has reportedly tapped a top investment banking house to serve as advisor and global coordinator for an IPO that would value the company north of USD 1 billion, we’re told by sources with knowledge of the preparations. The stake sale is likely to be the largest IPO in Egypt since 2011; the structure […]

No Comments read more

Petrojet completes installation works at SUMED's Ain Sokhna pier

Posted: January 22, 2018 at 3:13 pm   /   Oil & Gas

Petrojet has completed its work on the Arab Petroleum Pipelines Company (SUMED)’s pier at Ain Sokhna port, Youm7 reports. Petrojet had completed installations at the pier which would allow it to receive butane and mazut. Oil Minister Tarek El Molla had said last year that the port should begin receiving, storing and connecting butane and […]

No Comments read more

Egypt's Parliament approves extending SUMED work for 27 years

Posted: November 21, 2017 at 4:00 pm   /   Oil & Gas

The Arab Petroleum Pipelines Company (SUMED) executes oil projects with investments of $415 million. The Energy and Environment Committee of the House of Representatives, headed by MP Talaat Al-Suwaidi, approved on Sunday a draft law of the government to extend the term of the Arab Petroleum Pipelines Company (SUMED). Hisham Lutfi, representative of the Ministry […]

No Comments read more

Sokhna Refinery & Petrochemicals (SRPC) secures $1.4 billion in funding for its project

Posted: November 12, 2017 at 9:06 pm   /   Oil & Gas

Sokhna Refinery & Petrochemicals Company (SRPC) has secured USD 1.4 bn in funding for phase one of its refinery plant from an unnamed consortium of European and Chinese lenders, company sources tell AMAY. The funding will cover the development of 85% of phase one, and the company plans to finance the rest through loans from […]

No Comments read more

Infographic: FSRU projects in the Eastern Mediterranean (MESP)

Posted: October 26, 2017 at 9:31 pm   /   Oil & Gas

FSRU projects in the Eastern Mediterranean. (Source: Middle East Strategic Perspectives – MESP)

No Comments read more

China’s Sinohydro signs $2 billion contract for Ain Sokhna refinery project

Posted: October 25, 2017 at 11:12 am   /   Oil & Gas

Sinohydro Corp, a subsidy of State-owned Power Construction Corp of China (PowerChina), has signed a contract with Egypt-based Sokhna Refinery and Petrochemicals Co (SRPC) for a refinery project in a deal worth $1.99 billion, read a statement the company sent to the Global Times on Tuesday. The project in Ain Sokhna, Egypt will have a […]

No Comments read more