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Tag: Refining
SOPC

Suez Oil Refinery in Egypt lent $50 million for energy efficiency upgrades

Posted: November 26, 2019 at 11:47 am   /   Oil & Gas

A London-based bank is supporting the modernisation of Egypt’s oil industry with a $50 million (£39m) loan to support energy efficiency investments at a refinery. Suez Oil Processing Company (SOPC) will use the grant from the European Bank for Reconstruction and Development (EBRD) to improve its refinery’s operational efficiency and introduce cleaner fuel. The measures […]

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ERC

Qalaa announces operation of Hydrocracker unit at ERC Refinery

Posted: September 15, 2019 at 1:12 pm   /   Oil & Gas

Qalaa Holdings announces the successful operation of the Hydrocracker in its flagship project Egyptian Refining Company “ERC”. All the project units are now operating. Qalaa declares all units at ERC are a go: The Egyptian Refining Company (ERC) has successfully begun hydrocracker operations, Qalaa Holdings said in a bourse filing on Thursday. With that, all […]

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Midor

Work proceeds on Egypt’s Midor refinery expansion – TechnipFMC

Posted: March 7, 2019 at 3:17 pm   /   Oil & Gas

TechnipFMC PLC has completed remaining conditions required to enable work to begin on an earlier awarded contract let by the Egyptian government for delivery of engineering, procurement, and construction services related to the modernization and expansion of state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, near Alexandria, Egypt. Valued […]

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Qalaa

Qalaa Chairman presents Landmark ERC Case Study at Africa Investment Forum

Posted: November 13, 2018 at 4:35 pm   /   Oil & Gas

Qalaa Holdings Chairman Ahmed Heikal Presents Landmark ERC Case Study at Africa Investment Forum in Johannesburg, South Africa. Qalaa Holdings Chairman and Founder Ahmed Heikal showcases US$ 4.3 bn greenfield refinery as a successful example of a private sector-led infrastructure mega-project that will provide a domestic substitute for c. 40% of Egypt’s diesel imports. Ahmed […]

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TechnipFMC

TechnipFMC provides details on MIDOR refinery expansion contract

Posted: November 3, 2018 at 1:16 pm   /   Oil & Gas

TechnipFMC PLC has confirmed details of its scope of work on an earlier awarded let by the Egyptian government for implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt. As part of the more than $1-billion contract, TechnipFMC will provide engineering, procurement, and […]

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Refinery

Egypt signs deal with Technip, Enppi for Assiut Refinery upgrade

Posted: October 14, 2018 at 2:16 pm   /   Oil & Gas

Egypt has signed a deal with Italy’s Technip to set up a $1.9 billion refinery complex that will be the largest in the country’s south as part of the government efforts to meet local market demands, the petroleum ministry said in a statement on Thursday. The deal, signed between state-owned oil company ENPPI, the Assiut […]

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WorleyParsons

ASORC lets contract to WorleyParsons for hydrocracking complex

Posted: October 9, 2018 at 3:56 pm   /   Oil & Gas

Assiut Oil Refining Co. (ASORC), a subsidiary of Egyptian General Petroleum Corp. (EGPC), through a contractor, has let a 4-year contract to WorleyParsons Ltd. to provide project management consultancy (PMC) for the Assiut hydrocracking complex (AHC) in Upper Egypt. As part of the contract—awarded by ASORC subsidiary Assiut National Oil Processing Co. (ANOPC)—WorleyParsons will oversee […]

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Egypt

MEED: Egypt’s supergiant Zohr gas field heralds changes

Posted: October 9, 2018 at 3:02 pm   /   Oil & Gas

Egypt country profile: While the Zohr field has lead a revival in the North African country’s gas output, old problems persist. Since the discovery of the supergiant Zohr gas field, Cairo has been hopeful it can replicate the success with other giant offshore gas projects that have the potential to change the country’s energy landscape. […]

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Carbon Holdings

Carbon Holdings plans to sell 30% stake in IPO next year

Posted: September 8, 2018 at 2:01 pm   /   Oil & Gas

Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering will include a […]

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ERC

Qalaa looks to increase its stake in Egyptian Refining Company ERC

Posted: September 5, 2018 at 12:27 pm   /   Oil & Gas

Qalaa Holdings is in talks to increase its stake in the Egyptian Refining Company (ERC) through a capital increase, Managing Director Hisham El Khazindar said yesterday. The refinery is now 98% complete and is expected to be a major driver of revenue expansion starting next year. El Khazindar told Al Mal that trial operations at […]

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