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Tag: Petrochemicals
Afreximbank

Afreximbank to lend Egypt $1.5 billion for oil, petrochemical projects

Posted: June 6, 2018 at 1:59 pm   /   Oil & Gas

It is part of $10 billion loans to Africa and covers oil, petrochemicals and other sectors. The African Export-Import Bank (Afreximbank) intends to provide a loan of $1.5 billion to Egypt to fund various projects including oil and petrochemical projects, its President has said. The Cairo-based Bank finances and promotes intra- and extra-African trade. The […]

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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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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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ADNOC

Egypt’s PM discusses oil & gas cooperation with ADNOC chief

Posted: May 10, 2018 at 12:05 pm   /   Oil & Gas

Egypt’s Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors. (Source: Enterprise.press)

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Toyota Tsuscho

Toyota Tsusho discusses investment in Egypt’s petrochemical sector

Posted: May 3, 2018 at 1:14 pm   /   Oil & Gas

The Japanese Corporation discussed participation in hydrocarbon cracking for diesel fuel project at the Assuit Oil Refining Company (ASORC) plant, with investments worth $1.9 billion, says El-Molla. Minister of Petroleum and Mineral Resources Tarek El-Molla revealed in a press statement on Tuesday that he discussed with a delegation from Japan’s Toyota Tsusho Corporation the possibility […]

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SIDPEC selects Honeywell UOP, W.R. Grace to construct propylene, polypropylene factories

Posted: March 4, 2018 at 8:23 pm   /   Oil & Gas

Sidi Kerir Petrochemicals (SIDPEC) has selected Honeywell UOP and W.R. Grace & Co to construct its planned propylene and polypropylene factories, respectively, SIDPEC announced yesterday, Al Shorouk reports. SIDPEC had received six offers for the licenses to construct the factories. The propylene facility has a targeted production output of 500k tonnes per annum, while the […]

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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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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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Sokhna Refinery & Petrochemicals (SRPC) secures $1.4 billion in funding for its project

Posted: November 12, 2017 at 9:06 pm   /   Oil & Gas

Sokhna Refinery & Petrochemicals Company (SRPC) has secured USD 1.4 bn in funding for phase one of its refinery plant from an unnamed consortium of European and Chinese lenders, company sources tell AMAY. The funding will cover the development of 85% of phase one, and the company plans to finance the rest through loans from […]

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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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