Grace licenses Unipol Polypropylene Process Technology to SIDPEC
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 […]
Egypt signs deal with Technip, Enppi for Assiut Refinery upgrade
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 […]
ASORC lets contract to WorleyParsons for hydrocracking complex
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 […]
Amalie Oil and ACPA sign MoU to explore partnership in Egypt
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)
Carbon Holdings says construction on TPC could start in 1Q2019
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 […]
Carbon Holdings plans to sell 30% stake in IPO next year
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 […]
Qalaa looks to increase its stake in Egyptian Refining Company ERC
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 […]
ANRPC to double 92-95 octane fuel production next month
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 […]
Afreximbank provides $200 million loan to finance MIDOR expansion plans
The EGPC received a USD 200 million loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR’s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted as financial adviser for the […]
Misr Petroleum, Petronas sign refining agreement to produce 30k tonnes of oil
State-owned Misr Petroleum Company (MPC) signed an MoU with Malaysia’s Petronas on Thursday that will see them operate MPC’s idle Amreya plant capacity to pump out an additional 30,000 tonnes of refined products a year, according to an Oil Ministry statement. The output will be sold locally and exported to other African markets through a […]
