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Tag: Downstream

Bechtel awarded two contracts by Carbon Holdings of Egypt

Posted: April 20, 2017 at 2:49 pm   /   Oil & Gas

Bechtel Selected to Deliver Major Petrochemicals Project in Egypt – Award Builds on Company’s Extensive Experience in the Middle East. Bechtel, a global leader in engineering, procurement, and construction, announced today that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex […]

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Japan Bank for International Cooperation considers investing in petrochemicals projects in Egypt

Posted: April 20, 2017 at 2:37 pm   /   Oil & Gas

The Japan Bank for International Cooperation is considering investing in new petrochemicals projects on the back of its successful contributions in key projects, including the Egyptian Refining Company’s refinery, said the head of the bank’s Europe and Middle East Division at a meeting with Oil Minister Tarek El Molla on Wednesday, AMAY reports. (Source: Enterprise.press)

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Africa Finance Corporation invests $25 million in Egypt's Carbon Holdings

Posted: March 11, 2017 at 2:05 pm   /   Oil & Gas

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd. Carbon Holdings primarily operates in the Suez Special Economic Zone. As well as exporting raw materials and end products, the company aims to develop an integrated […]

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ERC Refinery faces delays, production to start in Q2 2018

Posted: March 2, 2017 at 2:58 pm   /   Oil & Gas

Production from Qalaa Holdings subsidiary Egyptian Refining Company (ERC)’s refinery in Mostorod will be postponed to Q2 2018 following construction delays, Al Mal reported. The refinery was initially set to begin production by the end of 2017 and ERC Managing Director Mohamed Saad said the project is 93% ready. ERC has already begun talks with […]

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Qalaa’s ERC in talks with Aramco, KNPC, Shell over fuel imports

Posted: February 28, 2017 at 3:01 pm   /   Oil & Gas

Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks with Saudi Aramco, Kuwait National Petroleum Company (KNPC) and Shell to import an additional 1.2 mn tonnes of feedstock needed for its operations at USD 3.7 bn refinery in Mostorod, ERC’s Managing Director Mohamed Saad tells Youm7. (Source: Enterprise.press)

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Oil Ministry approves $8 bln strategy to develop petrochemicals sector

Posted: January 29, 2017 at 1:02 pm   /   Oil & Gas

The Oil Ministry has approved a USD 8 billion strategy to develop refining facilities and the petrochemicals sector, Oil Minister Tarek El Molla told Al Mal. The strategy aims to upgrade machinery at existing facilities to maximize production, and build several new projects in Cairo, Alexandria, Assiut, and Suez, he added. (Source: Enterprise.press)

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Deregulation of the natural gas industry is one very big step closer after House vote

Posted: December 18, 2016 at 7:09 pm   /   Oil & Gas

Deregulation of the natural gas industry is one very big step closer to being a reality after the House of Representatives gave its preliminary approval on Thursday to the Natural Gas Act. The deregulation of the sector is now one full vote away from becoming a reality. The law will come into effect and new […]

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$1.8 billion investment in Egypt's petrochemicals sector expected from Omani company

Posted: December 14, 2016 at 3:54 pm   /   Oil & Gas

An unidentified Omani company is planning on investing USD 1.8 bn in petrochemicals in Egypt, Al Mal reports, quoting Nancy Hadi, Managing Partner at International Business and Investment Services (IBIS). Hadi is accompanying a group of businessmen and company leaders currently in the Sultanate to meet with Omani companies on investing in Egypt. (Source: Enterprise.press)

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Ethydco complex successfully produces ethylene and derivatives

Posted: November 14, 2016 at 1:33 pm   /   Oil & Gas

The Ethydco complex has successfully produced and supplied ethylene and derivatives to the domestic market and exported excess, the Oil Ministry announced, according Al Masry Al Youm. The complex also produced polyethylene, which is used in pipelines carrying natural gas, water, and wastewater. The project helps achieve the ministry’s strategy to maximize added value on […]

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barrel-of-oil-infographic

Infographic: What Can Be Made from One Barrel of Oil? (Visual Capitalist)

Posted: October 4, 2016 at 1:56 pm   /   Oil & Gas

Oil gets a bad rap these days, but the stuff is actually quite incredible. Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each barrel of oil is refined to be used in a variety of applications that […]

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