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Tag: Petrochemicals

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 […]

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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 […]

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ECHEM

El-Molla: Egypt plans $4 billion petrochemical complex in Suez

Posted: July 17, 2017 at 2:31 pm   /   Oil & Gas

Egypt is planning to establish a petrochemical complex in Suez, with an investment cost worth more than $4 billion, Petroleum Minister Tarek el-Molla said Thursday. The Ministry of Petroleum will build the complex in partnership with Ministry of Public Business Sector, El-Molla added in a press conference. The Egyptian Petrochemicals Holding Company (ECHEM) as well […]

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Amwal AlKhaleej plans IPO of Egyptian Propylene & Polypropylene Co. in Q1-2018

Posted: July 13, 2017 at 1:21 pm   /   Oil & Gas

Middle Eastern private equity firm Amwal AlKhaleej is seeking an initial share offering of Egyptian Propylene and Polypropylene Co. (EPPC) in the first quarter of 2018, regional head confirmed Tuesday. Amwal AlKhaleej has 15 percent of EPPC, whose capital currently amounts to $276 million. The planned IPO aims to finance EPPC’s future expansions in its […]

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New 150 MW power plant inaugurated at Ethydco complex

Posted: July 8, 2017 at 5:38 pm   /   Electricity & Power

A new 150MW power plant was inaugurated at the complex of the Egyptian Ethylene and Derivatives Company (ETHYDCO) Thursday, at a cost of $98 million. The power plant was built by the Engineering Co. for Petroleum and Process Industries (ENPPI) and the Egyptian Maintenance Company (EMC – Sun Misr), Minister of Petroleum Tarek El-Molla said […]

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Egypt Iraq

Iraqi VP: Iraq, Egypt agreed on establishing joint oil and gas companies

Posted: June 20, 2017 at 8:08 pm   /   Oil & Gas

Iraqi VP Iyad Allawi said he agreed with Egyptian officials on establishing joint companies for oil, natural gas and petrochemicals, adding that he will convince officials in Iraq of the importance of Egypt’s regional role, one which cannot be played by either Iran, Turkey or the U.S. During a press conference held in Cairo on […]

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MOP - DOW Chemical

El-Molla holds discussions with DOW Chemical's Regional President

Posted: June 1, 2017 at 8:15 pm   /   Oil & Gas

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mr. Jim Mcllvenny, President DOW India, Middle East, Africa and Turkey, in presence of CEO of ECHEM. The Minister cleared out that the Egyptian Petrochemical industry is a promising one with World specifications’ products, are available in several global markets, labeled “Made in […]

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EBRD finances $11 million environmental upgrade of Egypt’s Carbon Holdings

Posted: May 14, 2017 at 7:47 pm   /   Oil & Gas

New investments will help local petrochemicals producer reduce N2O emissions. As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the EBRD is providing local petrochemicals producer Carbon Holdings with a US$ 11 million loan. The funds will be used to improve standards beyond the current industry […]

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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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Petroleum Minister meets with Sinopec Head, Apache VP

Posted: February 21, 2017 at 12:47 pm   /   Oil & Gas

Petroleum Minister Tarek El Molla met with the head of China’s state-owned Sinopec, Wang Yupu, who said his company is mulling a petrochemical project in the Suez Canal Economic Zone, Al Masry Al Youm reports. Also present at the meeting was the vice president of Apache, which previously sold a one-third stake in its Egyptian […]

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