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Tag: Downstream
Qalaa

Qalaa Chairman presents Landmark ERC Case Study at Africa Investment Forum

Posted: November 13, 2018 at 4:35 pm   /   Oil & Gas

Qalaa Holdings Chairman Ahmed Heikal Presents Landmark ERC Case Study at Africa Investment Forum in Johannesburg, South Africa. Qalaa Holdings Chairman and Founder Ahmed Heikal showcases US$ 4.3 bn greenfield refinery as a successful example of a private sector-led infrastructure mega-project that will provide a domestic substitute for c. 40% of Egypt’s diesel imports. Ahmed […]

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TechnipFMC

TechnipFMC provides details on MIDOR refinery expansion contract

Posted: November 3, 2018 at 1:16 pm   /   Oil & Gas

TechnipFMC PLC has confirmed details of its scope of work on an earlier awarded let by the Egyptian government for implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt. As part of the more than $1-billion contract, TechnipFMC will provide engineering, procurement, and […]

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Grace

Grace licenses Unipol Polypropylene Process Technology to SIDPEC

Posted: October 14, 2018 at 4:46 pm   /   Oil & Gas

Sidi Kerir Petrochemicals Co (SIDPEC) gets license for W. R. Grace’s technology. Sidi Kerir Petrochemicals Co (SIDPEC) has got the license for Unipol PP Process Technology by W. R. Grace, the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology. SIDPEC, leader in production of polyethylene in Egypt, will now produce value-added […]

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Refinery

Egypt signs deal with Technip, Enppi for Assiut Refinery upgrade

Posted: October 14, 2018 at 2:16 pm   /   Oil & Gas

Egypt has signed a deal with Italy’s Technip to set up a $1.9 billion refinery complex that will be the largest in the country’s south as part of the government efforts to meet local market demands, the petroleum ministry said in a statement on Thursday. The deal, signed between state-owned oil company ENPPI, the Assiut […]

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WorleyParsons

ASORC lets contract to WorleyParsons for hydrocracking complex

Posted: October 9, 2018 at 3:56 pm   /   Oil & Gas

Assiut Oil Refining Co. (ASORC), a subsidiary of Egyptian General Petroleum Corp. (EGPC), through a contractor, has let a 4-year contract to WorleyParsons Ltd. to provide project management consultancy (PMC) for the Assiut hydrocracking complex (AHC) in Upper Egypt. As part of the contract—awarded by ASORC subsidiary Assiut National Oil Processing Co. (ANOPC)—WorleyParsons will oversee […]

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Amalie

Amalie Oil and ACPA sign MoU to explore partnership in Egypt

Posted: September 23, 2018 at 1:47 pm   /   Oil & Gas

US motor oil and auto fluids manufacturer Amalie Oil Company signed an MoU with state-owned Alexandria Company for Petroleum Additives (ACPA) which would see them explore the possibility of partnering together on manufacturing or marketing motor oils, according to an Oil Ministry statement picked up by Al Mal. (Source: Enterprise.press)

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Tahrir Petrochemicals

Carbon Holdings says construction on TPC could start in 1Q2019

Posted: September 12, 2018 at 1:32 pm   /   Oil & Gas

Carbon Holdings expects to break ground on the first phase of its Tahrir Petrochemicals Complex (TPC) early in 2019 after it reaches financial close on the USD 10.9 billion project late this year, Managing Director of Corporate Finance and Investor Relations Karim Helal tells Al Masry Al Youm. The company had previously announced plans to […]

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Carbon Holdings

Carbon Holdings plans to sell 30% stake in IPO next year

Posted: September 8, 2018 at 2:01 pm   /   Oil & Gas

Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering will include a […]

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ERC

Qalaa looks to increase its stake in Egyptian Refining Company ERC

Posted: September 5, 2018 at 12:27 pm   /   Oil & Gas

Qalaa Holdings is in talks to increase its stake in the Egyptian Refining Company (ERC) through a capital increase, Managing Director Hisham El Khazindar said yesterday. The refinery is now 98% complete and is expected to be a major driver of revenue expansion starting next year. El Khazindar told Al Mal that trial operations at […]

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ANRPC

ANRPC to double 92-95 octane fuel production next month

Posted: August 14, 2018 at 8:56 pm   /   Oil & Gas

The Alexandria National Refining and Petrochemicals Company (ANRPC) will begin next month producing 850k tonnes of 92-95 octane petrol, doubling its annual capacity, Oil Minister Tarek El Molla said yesterday, Al Mal reports. ANRPC had begun trial operations at its USD 233 mn facility in September. Enppi and Petrojet, general contractors on the project, had […]

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