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Tag: Downstream

El Molla discusses with Italy's Maire Tecnimont increasing Egypt investments

Posted: February 12, 2018 at 9:32 pm   /   Oil & Gas

Oil Minister Tarek El Molla has met with Italian engineering and construction firm Maire Tecnimont’s Chairman Fabrizio Di Amato and CEO Pierroberto Folgiero to discuss cooperation on new petrochemical projects, Al Mal reports. The talks also covered expanding projects in Sidi Kerir and Suez. (Source: Enterprise.press)

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Egypt's gas transmission strategy (Petroleum Economist)

Posted: January 13, 2018 at 6:58 pm   /   Oil & Gas

With natural gas from the super-giant Zohr field now flowing ashore, plans are in place to make distribution of the fuel more efficient and to expand wind power. For the Egyptian government, 20 December 2017 was a red-letter day. It was when Eni produced first gas from the Zohr field 190km (118 miles) from the […]

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Carbon Holdings' Counsel joins law firm Norton Rose Fulbright as O&G partner

Posted: January 9, 2018 at 4:34 pm   /   Oil & Gas

Global law firm Norton Rose Fulbright announced the appointment of Poupak Anjomshoaa to partner in the London office. She joins from Carbon Holdings, a developer, owner and operator of petrochemicals projects, where she was General Counsel. With over 20 years’ experience in the energy, infrastructure and construction sectors, Poupak has a broad skill-set spanning dispute […]

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Total to launch 9 new gas stations in Egypt next year

Posted: December 9, 2017 at 2:26 pm   /   Oil & Gas

Ian LePetit: Gas regulation law increases company’s investments in Egypt. Managing Director of Total Egypt Ian LePetit said that the French company aims to launch 9 new gas stations next year. According to Ian, the projects are planned to be launched in Cairo, Alexandria, and the Delta region as the company’s strategy for the coming […]

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Aramco likely to begin refining fuel in Egypt in 1Q2018 – officials

Posted: November 27, 2017 at 1:17 pm   /   Oil & Gas

Saudi Aramco is likely to begin refining crude oil in Egyptian refineries in 1Q2018, an official from the Oil Ministry tells Al Shorouk, initially at the Middle East Oil Refinery (MIDOR). Egypt will receive the 700k tons of fuel per month from Aramco — under the existing five-year fuel supply agreement — for MIDOR’s refineries, […]

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Egyptian Refining Company $3.7 billion plant will start up in September 2018

Posted: November 12, 2017 at 8:55 pm   /   Oil & Gas

• Plant will pare country’s need for imported fuel: Chairman. • Refinery is part of plan to raise local processing capacity. Egyptian Refining Co.’s new $3.7 billion processing plant will begin operations in September and save the government some $300 million a year by reducing the country’s reliance on imported fuel, its chairman said. Ahmed […]

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Egypt plans to double production of petrochemicals in 5 years

Posted: November 6, 2017 at 3:28 pm   /   Oil & Gas

The Ministry of Petroleum released a statement about developing of the petrochemical industries within the next five years until 2021. The statement assured that 8 projects were carried out worth $ 7.3 billion during the previous years. Capacity of those projects reach 5 million tons a year. The statement revealed that production of the medium […]

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MIDOR to receive $1.2 billion loan from Crédit Agricole, BNP Paribas, CDP

Posted: October 3, 2017 at 2:08 pm   /   Oil & Gas

The Middle East Oil Refinery (MIDOR) is set to receive a USD 1.2 billion loan in 1Q2018 from a banking consortium composed of Crédit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti, an unnamed Oil Ministry official tells Al Shorouk. MIDOR had reached a preliminary agreement with the banks last year. The loan […]

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Petroleum Minister looks into MIDOR refinery expansion with Technip

Posted: October 1, 2017 at 1:35 pm   /   Oil & Gas

Minister of Petroleum Tarek El Molla and Marco Villa, Chairperson of Technip, the Italian project management and construction company, looked into the expansions of the Middle East Oil Refinery (MIDOR) and the project to establish a new complex for fuel oil hydrogenic cracking in the Assiut Petroleum Refinery (ASORC), according to a report issued by […]

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AMOC considers building $500 million fuel oil refining complex

Posted: August 30, 2017 at 11:57 am   /   Oil & Gas

State-owned Alexandria Mineral Oils Company (AMOC) is considering spending USD 500 mn on a fuel oil refining project, chairman Amr Mostafa tells Al Mal. Technical studies are being drafted and are expected to be completed before year-end. The company is also issuing a tender for the development of a USD 50 mn fuel oil production […]

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