B Investments announces sale of 20% of its Total Egypt stake for EGP 146 mn
B Investments announces the Exit of 20% of its stake in Total Egypt for Total Proceeds of EGP 146 million B Investments Holding announced that it has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million, in accordance with […]
USTDA Supports Major Refinery Upgrades in Egypt
The U.S. Trade and Development Agency awarded grants to the Amreya Petroleum Refining Company (“APRC”) and Suez Oil Processing Company (“SOPC”) for feasibility studies to modernize each company’s refinery. “These grants are a part of USTDA’s ongoing collaboration with the Ministry of Petroleum and Mineral Resource to make Egypt a leading energy hub,” said Todd […]
ASORC’s $450 mn high-octane fuel plant to begin trial operations
Assiut Oil Refining Company’s (ASORC) USD 450 million new high octane fuels plant will begin trial operations this week, Youm7 reports, quoting unnamed oil industry sources. The state-run facility, which has a capacity of 800k tonnes a year, will be fully up and running before the year is out, the sources said. The project comes […]
TechnipFMC starts EPC work on ANOPC’s new Hydrocracking Complex
TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC) TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the […]
Siemens Energy, Linde partner on decarbonization in petchem sector
Siemens Energy partners with Linde Engineering to accelerate decarbonization efforts in the petrochemical sector Decarbonization requires partnership; Linde Engineering and Siemens Energy will explore how renewable technologies and energy storage can be leveraged to support customers’ decarbonization initiatives. The downstream oil and gas industry is under intense pressure to improve efficiency, reduce greenhouse gas (GHG) […]
EBRD loans Alexandria Petroleum $250 mn for efficiency upgrades
Egypt’s Alexandria Petroleum going greener with USD 250 million EBRD loan: The European Bank for Reconstruction and Development (EBRD) will provide state-owned Alexandria Petroleum Company (APC) with a USD 250 mn sovereign loan to partially finance USD 647 mn in water and energy efficiency upgrades at the company’s diesel refinery, according to an EBRD statement. […]
President Sisi inaugurates ERC’s new Mostorod Petrochemical Refinery
Egyptian Refinery Company’s Mostorod petrochem refinery is inaugurated: Qalaa Holdings subsidiary Egyptian Refining Company’s (ERC) USD 4.3 bn facility in Mostorod was inaugurated yesterday by President Abdel Fattah El Sisi. As the largest private sector project of its kind in Africa, the refinery will produce each year some 2.3 mn tonnes of diesel fuel and […]
Siemens signs long-term service contract with Ethydco petchem plant in Egypt
Siemens Energy provides long-term servicing for one of Africa’s largest petrochemical plants in Egypt Siemens Energy provides 10 year Preventive Service contract Underlines capabilities of Siemens Energy in supporting the petrochemical and downstream sectors Project will improve reliability and availability at the industrial complex in Egypt Siemens Energy has signed a long-term preventive maintenance contract […]
B Investments to sell 20% of its stake in Total Egypt’s downstream business
B Investments is in talks to offload a fifth of its holdings in Total Egypt’s downstream operations: B Investments has entered talks with Total Egypt to sell 20% of its holdings in the company, it announced in a statement to the EGX. The private equity outfit currently holds a 7.97% stake in the energy giant’s […]
TechnipFMC signs major contract with ANOPC for new Hydrocracking Complex in Egypt
TechnipFMC Signs a Major Contract with Assiut National Oil Processing Company (ANOPC) for a New Hydrocracking Complex in Egypt. TechnipFMC has signed a major(1) Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract covers […]
