Newsletter subscribe
Tag: Petrochemicals

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 […]

No Comments read more
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)

No Comments read more
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 […]

No Comments read more

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 […]

No Comments read more

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)

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

El Molla: 4 refining projects to be completed in 4 years with a cost of $8.3 billion

Posted: September 26, 2017 at 1:01 pm   /   Oil & Gas

Minister of Petroleum Tarek El Molla: Ministry targets implementing 8 projects to develop gas fields worth $17.5 billion. Minister of Petroleum and Mineral Resources Tarek El Molla told Daily News Egypt that the Ministry of Petroleum is seeking to implement 12 projects to develop gas fields at a cost of $17.5 billion, next to completing […]

No Comments read more

Oil Ministry building $160 million Damietta pier, studying new petrochemicals projects

Posted: September 19, 2017 at 2:05 pm   /   Oil & Gas

Engineering designs are being drafted for a new USD 160 million pier at Damietta Port to expand shipping and storage services, according to an Oil Ministry statement. The pier, set to be completed in 3Q2020, will support urea and ammonia exports by MOPCO. The Ministry is also studying building a refinery in Suez, a propylene […]

No Comments read more