Egypt to Reach Self-Sufficiency in Refined Oil Products by 2023 – El Molla to Bloomberg
Egypt to Produce Enough Energy to Meet its Needs by 2023. “We’re doing great in refined products,” says energy minister. Country is seeking to sell more LNG via long-term contracts. Egypt said it’s on target to produce enough fuel to cover its own needs by 2023. The country will reach its goal thanks to upgrades […]
Anchorage Investments to develop $2.5 bn petrochemical mega-project in Suez Canal
The project is expected to help increase the annual domestic production by 812 thousand tons and create more than 2,500 new jobs in the sector. Egypt’s new investment law provides legislation and guarantees that encourage foreign investments. Anchorage Investments, a company specializing in the development, investment and operation of industrial projects in the petrochemical sector, […]
Petroleum Ministry to establish a new $1.6 bn methanol plant in Ain Sokhna
The Oil Ministry has formed a new state-owned petrochemicals company that will join Methanex in producing methanol in Egypt. A shareholder agreement has been signed establishing Misr Methanol and Petrochemicals, which will manufacture methanol, ammonia, and other petrochemicals, the Oil Ministry announced in a statement. Around USD 1.6 bn will be invested in the first phase of Misr […]
Bechtel inks two agreements for Ain Sokhna’s $7.5 bn petchem complex
Bechtel to lead design + construction of Africa’s largest petrochemicals complex: US construction giant Bechtel will lead the design and construction of the USD 7.5 bn petchem complex being built by the Red Sea National Refining and Petrochemicals Company in the Ain Sokhna industrial zone under two agreements signed with the Oil Ministry over the […]
Egypt signs agreement for major petrochemical plant in Ain Sokhna
Egypt launches $7.5bn petrochemical plant in Ain Sokhna: Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion. Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion. Egyptian Prime Minister Mostafa Madbouly attended the signing ceremony […]
Nijhuis Saur Industries awarded contract for Egypt’s new ANOPC Complex
The main EPC contractor Petrojet has awarded Nijhuis Saur Industries the Engineering, Manufacturing and Procurement order to supply the industrial wastewater treatment plant for the new ANOPC hydrocracking complex in Egypt. The leading regional full-service construction group Petrojet has awarded Nijhuis Saur Industries the prestigious engineering and procurement order to supply the wastewater treatment package […]
Egypt’s Sidpec advances expansion of Alexandria petrochemicals complex
Sidi Kerir Petrochemicals has implemented process automation improvements from Honeywell International to upgrade production capabilities as part of the expansion of its petrochemical complex in the El-Amerya—El-Nahda Territory of Alexandria. Egyptian Petrochemicals Holding Co. (ECHEM) subsidiary Sidi Kerir Petrochemicals Co. (Sidpec) has implemented process automation improvements from Honeywell International Co.’s Honeywell Process Solutions (HPS) to upgrade […]
Bechtel signs Coker Supply Contract with Petrojet for SOPC upgrade
Bechtel has been selected to supply the coker furnace equipment for the Suez Oil Processing Company’s (SOPC) energy efficiency and upgrade program. Bechtel will be responsible for the detailed engineering design and supply of all the raw material to the EPC contractor Petrojet to perform the shop fabrication of the coker furnace. “This agreement is […]
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 […]
