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Tag: Downstream
thyssenKrupp

Thyssenkrupp eyes work on 5 refining, petrochemicals projects in Egypt

Posted: June 11, 2018 at 2:23 pm   /   Oil & Gas

Egyptian Petroleum Minister Tarek El-Molla has met with the Chairman of the German-Arab Chamber of Industry and Commerce (GACIC) Ulrich Hermann and representatives of German multinational conglomerate ThyssenKrupp. ThyssenKrupp is willing to collaborate with the Egyptian companies operating in the field of petrochemicals such as Engineering for the Petroleum & Process Industries (Enppi), Petrojet, and […]

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Technip

MIDOR, Technip sign $1.7 billion contract for refinery expansion

Posted: June 10, 2018 at 3:11 pm   /   Oil & Gas

The project aims at increasing petroleum products, in addition to raising the refinery’s capacity to 175,000 barrels per day. Middle East Oil Refinery (MIDOR) and France-based Technip Company have signed a contract for refinery project expansion. The contract was inked by MIDOR chairman Mohamed Abdel Aziz and Marco Villa, president of Technip’s for EMIA Region, […]

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Bechtel

MEED: Bechtel to sign contract for Carbon Holdings’ Tahrir Petrochemicals Complex

Posted: June 4, 2018 at 3:32 pm   /   Oil & Gas

Bechtel to sign deal for Egypt’s largest-ever petrochemicals project – Four separate EPC contracts have also been awarded. US-based Bechtel is due to sign a contract in late June with Egypt’s Carbon Holdings for the $8bn Tahrir Petrochemical Complex (TPC) at Ain Sokhna, according to industry sources. The contract will cover project management consultancy (PMC) for […]

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Castrol

Castrol, TAQA to establish Egypt JV for manufacture, distribution of engine oil

Posted: June 3, 2018 at 12:36 pm   /   Oil & Gas

BP announced on Thursday that subsidiary Castrol will establish a joint venture with Qalaa Holdings’ TAQA Arabia to manufacture and distribute a range of engine oils in Egypt. The new company, Castrol Egypt Oil, will be the sole authorized distributor of Castrol products in the country and will target both the commercial vehicle and passenger car […]

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Carbon Holdings

UK to provide $1.6 billion in funding to Carbon Holdings’ Tahrir plant

Posted: May 30, 2018 at 2:23 pm   /   Oil & Gas

The UK will be providing Carbon Holdings’ Tahrir Petrochemicals Corporation with “an unprecedented” USD 1.6 billion financing package through UK Export Finance, the country’s export credit agency, UK Minister of Investment Graham Stuart told us in an interview in Cairo yesterday. TPC could help double Egypt’s total exports, catalyze industrial growth: “We are excited about […]

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Archirodon Group announces acquisition of Technipetrol Hellas

Posted: May 30, 2018 at 2:06 pm   /   Oil & Gas

Archirodon Group announced the 100% acquisition of Technipetrol Hellas, a subsidiary of TechnipFMC.  Details about the value of the transaction was not disclosed. The agreement between the two International Groups was signed on 29th March 2018 and the transaction was completed on 18th April 2018. This acquisition was approved by the Board of Directors and […]

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Dhunseri

India’s Dhunseri looks for a partner for Egypt joint venture EIPET

Posted: May 27, 2018 at 7:40 pm   /   Oil & Gas

Chandra Kant Dhanuka owned Dhunseri Petrochem is looking to rope in a strategic equity partner for its Egyptian venture. The move follows full repayment of the joint venture Egyptian Indian Polyester Company S.A.E (EIPET) outstanding dues and scaling up its holding to 93 %. The company on Friday said it has paid $ 87 million […]

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Suez Refinery

EBRD finances upgrade of Egypt’s Suez oil refinery

Posted: May 25, 2018 at 2:22 pm   /   Oil & Gas

The European Bank for Reconstruction & Development (EBRD) is providing a $200-million loan to state-owned Egyptian General Petroleum Corp. subsidiary Suez Oil Processing Co. (SOPC) for the upgrade of its 68,000-b/d refinery adjacent to Suez, Egypt, at the entrance of the Suez Canal. ERBD funds will finance investments to modernize the refinery with technical updates […]

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India’s Dhunseri Petrochem buys ECHEM’s stake in Egypt joint venture

Posted: May 22, 2018 at 2:05 pm   /   Oil & Gas

India’s Dhunseri Petrochem has bought the Egyptian Petrochemicals Holding Company (ECHEM)’s share of their joint venture, the Egyptian Indian Polyester Company (EIPET), according to a regulatory filing by Dhunseri on the Bombay Stock Exchange. Dhunseri will buy ECHEM’s 23% stake in EIPET in seven installments over the next four years. The company did not disclose the […]

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CH-Squash

Rowan Elaraby becomes latest squash champion to join Carbon Holdings’ sports sponsorship program

Posted: May 20, 2018 at 2:20 pm   /   Oil & Gas

Rising phenomenon Rowan Elaraby becomes latest squash champion to join Carbon Holding’s sports sponsorship program Sponsorship of the PSA Tour Irish Open winner comes less than a month after Carbon Holdings announced its backing of championship couple Nour Al Tayeb and Ali Farag. Carbon Holdings, a leading integrated petrochemicals producer in Egypt, is pleased to […]

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