Revolta to set up Egypt’s first EV manufacturing, maintenance facility
Revolta ties up with Ukrainian firm Eco Factory for Egypt’s new green project. Revolta Egypt, a developer of electric vehicle (EV) charging stations and related projects, is planning to launch the first EV manufacturing factory and maintenance centre in the country. Revolta has tied up with Ukrainian firm Eco Factory to set up the factory […]
Agility to manage Logistics for Carbon Holdings
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, […]
Egypt, Höegh LNG rework FSRU Gallant contract
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 […]
Thailand’s Indorama acquires 50% stake in EIPET from India’s Dhunseri
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 […]
MEED: Bechtel to sign contract for Carbon Holdings’ Tahrir Petrochemicals Complex
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 […]
Carbon Holdings plans potentially the largest IPO in Egypt since 2011
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 […]
Petrojet completes installation works at SUMED's Ain Sokhna pier
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 […]
Egypt's Parliament approves extending SUMED work for 27 years
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 […]
Sokhna Refinery & Petrochemicals (SRPC) secures $1.4 billion in funding for its project
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 […]
Infographic: FSRU projects in the Eastern Mediterranean (MESP)
FSRU projects in the Eastern Mediterranean. (Source: Middle East Strategic Perspectives – MESP)
