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Tag: Downstream
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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Midor

Afreximbank provides $200 million loan to finance MIDOR expansion plans

Posted: August 7, 2018 at 3:21 pm   /   Oil & Gas

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 […]

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MPC-Petronas

Misr Petroleum, Petronas sign refining agreement to produce 30k tonnes of oil

Posted: July 25, 2018 at 1:58 pm   /   Oil & Gas

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 […]

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Indorama Ventures

Thailand’s Indorama acquires 50% stake in EIPET from India’s Dhunseri

Posted: June 19, 2018 at 1:42 pm   /   Oil & Gas

Thailand’s Indorama signs acquisition agreement with India’s Dhunseri for EIPET’s Ain Sokhna facility, 50% stake in EIPET: Indorama Netherlands BV, an indirect subsidiary of Thailand’s Indorama Ventures, signed on Thursday an agreement with India’s Dhunseri Petrochem to acquire a chunk of the Egyptian Indian Polyester Company’s (EIPET) polyethylene terephthalate (PET) plant in Ain Sokhna. The […]

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sidpec-uop

Sidpec, Honeywell UOP sign contract for polypropylene plant

Posted: June 17, 2018 at 3:06 pm   /   Oil & Gas

Sidi Kerir Petrochemicals (Sidpec) has signed a licensing agreement with the US-based Honeywell UOP to set up a new polypropylene plant at Sidpec’s complex in Alexandria. The agreement was signed by Sidpec’s chairman Mohamed Abadi and Honeywell UOP’s Middle East general manager James Moshi. This comes as a part of the company’s project to boost […]

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ERC

Qalaa’s ERC refinery fires up boilers after connecting gas, power

Posted: June 17, 2018 at 3:02 pm   /   Oil & Gas

ERC begins running boilers after connecting refinery with power and gas: Qalaa Holdings’ Egyptian Refining Company (ERC) has begun running the USD 4.3 billion Mostorod refinery’s boilers, Qalaa said in a regulatory filing on Wednesday. The trial runs took place as the refinery was hooked up to electricity and gas, the statement added. The move comes […]

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