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Tag: Petrochemicals

Video: Downstream Industry Axens 2016 Market Outlook

Posted: April 3, 2016 at 1:16 pm   /   Oil & Gas

How did 2015 crude oversupply affect fuel demand and refined products demand? What were the consequences for refiners? What are the 2016 forecasts? How will the 2015 Paris Agreement influence this context? Axens Marketing & Communications Vice President Eric Benazzi looks back at 2015 oil and gas market highlights and gives his insight on 2016 […]

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Egypt and United Kingdom sign contract to supply styrene for industrial production

Posted: March 20, 2016 at 1:35 pm   /   Oil & Gas

A contract between the Egyptian Styrene & Polystyrene production company (E.Styrenics) and the British New Perspective was signed Friday for supplying styrene material for industrial purposes. Minister of Petroleum and Mineral Resources Tarek el Molla, chairman of the Egyptian Petrochemicals Holding Company (ECHEM) Mohamed Saafan and the CEOs of the two companies witnessed the signing […]

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Interview with Max Heinritz-Adrian, Head of Dehydrogenation, 
thyssenkrupp Industrial Solutions

Posted: March 14, 2016 at 6:52 pm   /   Oil & Gas

Max Heinritz-Adrian is the globally responsible business manager for thyssenkrupp Iudustrial Solutions (tkIS) dehydrogenation technologies including strategy, R&D, sales & licensing, process design and engineering, commissioning and plant start-up activities. He has more than 17 years of experience in the chemical and petrochemical industry in the area of R&D, process engineering, business development & sales […]

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Egypt's Ethydco finishes 97% of its $1.9bn ethylene complex

Posted: March 7, 2016 at 8:19 pm   /   Oil & Gas

Egyptian Ethylene and Derivatives Company (Ethydco) has finished 97.2 percent of its petrochemicals complex, Chairman Abd El-Rahman Zeid announced Saturday. The total investment cost of the project is estimated at US$1.9 billion. He made these remarks in his speech during the visit of Petroleum Minister Tarek El-Molla’s visit to the complex. The complex encompass four […]

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Strong Global Demand for Petrochemicals Fuels Optimism, says Chevron Phillips Chemical’s EVP at IHS CERAWeek

Posted: February 26, 2016 at 12:04 pm   /   Oil & Gas

Operating within the challenge and uncertainty of the current energy environment, Chevron Phillips Chemical Company LP’s Executive Vice President Mark Lashier outlines the company’s growth strategy at IHS CERAWeek in Houston, Texas. During a panel discussion, Lashier said, “We have an enthusiastic long-term view for petrochemicals thanks to a one-two combination of strong global demand […]

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MIDOR signs $1.2 billion loan agreement

Posted: February 24, 2016 at 1:18 pm   /   Oil & Gas

Egypt’s state-owned Middle East Oil Refinery Company (MIDOR) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said on Tuesday. The loan represents around 80 percent of the cost of its $1.4 billion Alexandria refinery lab expansion, while the remaining $230 million will be self-financed, MIDOR Chairman Mohamed […]

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MOU signed between GASCO and Tecnicas Reunidas for enhanced methane recovery project study

Posted: February 20, 2016 at 1:49 pm   /   Oil & Gas

Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, and Mr. Arturo Avello, the Spanish Ambassador in Cairo, witnessed the signing of a Memorandum of Understanding between the Egyptian Natural Gas Company (GASCO) and Spanish company Tecnicas Reunidas, one of the largest international companies specializing in engineering design and construction of oil and gas projects. […]

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Egyptian Refining Co to start output at country's largest refinery in Q1 2017

Posted: January 24, 2016 at 1:00 pm   /   Oil & Gas

The Egyptian Refining Company, a subsidiary of one of Egypt’s largest investment companies Qalaa Holdings, will start production at its $3.7 billion oil refinery in the first quarter of 2017, managing director Mohammed Saad said. The refinery, which has a capacity to produce 4.2 million tons of refined products annually, the largest in Egypt, will […]

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Emerson to Automate Carbon Holding's Tahrir Petrochemicals Complex in $150 million Contract

Posted: January 14, 2016 at 2:52 pm   /   Oil & Gas

Automation and reliability programs for world’s largest naphtha cracker plant will support efficient, high-availability production of plastics and related materials for local and export markets. Emerson and Carbon Holdings, the privately owned Egyptian petrochemical firm, today announced that Emerson Process Management has been selected to provide automation and reliability technologies and services for Carbon Holdings’ […]

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French banks to finance MIDOR Refinery expansion

Posted: January 6, 2016 at 7:12 pm   /   Oil & Gas

Egypt’s oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank and the Italian export development authority, oil minister Tarek El-Molla told Egyptian state news daily Al-Ahram. MIDOR signed in April two deals worth $1.4 […]

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