Egypt awards TechnipFMC contract for Assiut Hydrocracking Complex
Egyptian refiner advances grassroots hydrocracking complex: Assiut National Oil Processing Co. has let a contract to a consortium of Engineering Co. for Petroleum & Chemical Industries, Petroleum Projects & Technical Consultation Co., and TechnipFMC for construction of its hydrocracking complex in Assiut, Egypt. Assiut National Oil Processing Co. (ANOPC), a subsidiary Egyptian General Petroleum Corp.’s […]
Egypt inks agreement with Bechtel for $6.7 bn petchem, refinery complex
ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemical plant and refinery in the Suez Canal Economic Zone, according to an official statement. The agreement, signed on the opening day of the Egypt […]
Egypt expected to cut gas prices to factories in 1Q2020, analysts say
Analysts think the government will cut natgas prices to factories in 1Q2020: Plunging natural gas prices and market oversupply are increasing the likelihood that the Egyptian government will cut gas prices to factories during the first quarter, analysts tell Reuters. The government has already recently lowered prices for certain industries and sources last month claimed […]
President Sisi urges modernization of Egypt’s petrochemical industry
President Sisi urged maximizing the economic benefits of Egypt’s natural resources to serve the country’s goal to become a regional trading hub for oil and natural gas. President Abdel Fattah El Sisi urged the government to continue upgrading the petroleum sector by improving Egypt’s value-added petrochemical industry to cope with sequential changes in the global […]
El Molla inaugurates first integrated fuel, charging station in Port Said
Petroleum Minister Tarek al Molla and Sports and Youth Minister Ashraf Sobhy inaugurated on Sunday an integrated station to fuel cars with natural gas and liquefied petroleum gas and charge them with electricity in Port Said governorate. The new station, which is first of its kind in Egypt, is established with a joint Egyptian-Italian investment, […]
Borouge sets up petrochemicals marketing company in Egypt
Borouge, a UAE petrochemicals company, said that it has set up a new marketing company in Cairo, Egypt to support its MENA growth strategy. The company, which provides plastics solutions, is looking to meet customer requirements in the region and said the new marketing company reflects its strong business relationship with customers in this fast-growing […]
Egypt, USTDA sign $690K deal to fund feasibility study of petchem development
USTDA Advances Petrochemicals Development in Egypt – Feasibility study will identify essential industrial design. The U.S. Trade and Development Agency today awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant. Echem will select an American firm to conduct the study. “Today’s announcement of […]
Suez Oil Refinery in Egypt lent $50 million for energy efficiency upgrades
A London-based bank is supporting the modernisation of Egypt’s oil industry with a $50 million (£39m) loan to support energy efficiency investments at a refinery. Suez Oil Processing Company (SOPC) will use the grant from the European Bank for Reconstruction and Development (EBRD) to improve its refinery’s operational efficiency and introduce cleaner fuel. The measures […]
Shell announces participation in MOC 2019 as Platinum Sponsor
Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]
Qalaa announces operation of Hydrocracker unit at ERC Refinery
Qalaa Holdings announces the successful operation of the Hydrocracker in its flagship project Egyptian Refining Company “ERC”. All the project units are now operating. Qalaa declares all units at ERC are a go: The Egyptian Refining Company (ERC) has successfully begun hydrocracker operations, Qalaa Holdings said in a bourse filing on Thursday. With that, all […]
