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Tag: Refining
APC

EBRD loans Alexandria Petroleum $250 mn for efficiency upgrades

Posted: October 11, 2020 at 12:32 pm   /   Oil & Gas

Egypt’s Alexandria Petroleum going greener with USD 250 million EBRD loan: The European Bank for Reconstruction and Development (EBRD) will provide state-owned Alexandria Petroleum Company (APC) with a USD 250 mn sovereign loan to partially finance USD 647 mn in water and energy efficiency upgrades at the company’s diesel refinery, according to an EBRD statement. […]

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ERC

President Sisi inaugurates ERC’s new Mostorod Petrochemical Refinery

Posted: September 28, 2020 at 1:06 pm   /   Oil & Gas

Egyptian Refinery Company’s Mostorod petrochem refinery is inaugurated: Qalaa Holdings subsidiary Egyptian Refining Company’s (ERC) USD 4.3 bn facility in Mostorod was inaugurated yesterday by President Abdel Fattah El Sisi. As the largest private sector project of its kind in Africa, the refinery will produce each year some 2.3 mn tonnes of diesel fuel and […]

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TechnipFMC

TechnipFMC signs major contract with ANOPC for new Hydrocracking Complex in Egypt

Posted: July 8, 2020 at 11:56 am   /   Oil & Gas

TechnipFMC Signs a Major Contract with Assiut National Oil Processing Company (ANOPC) for a New Hydrocracking Complex in Egypt. TechnipFMC has signed a major(1) Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract covers […]

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SOPC

Parliament approves $50m EBRD loan for SOPC’s energy efficiency improvement

Posted: June 19, 2020 at 2:02 pm   /   Oil & Gas

The House of Representatives has ratified an additional $50m financing agreement for the Suez Oil Processing Company’s (SOPC) Energy Efficiency Improvement Program. The agreement was signed between the Ministry of International Cooperation, acting on behalf of the Egyptian government, and the European Bank for Reconstruction and Development (EBRD). The agreement aims to raise energy efficiency […]

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Midor

Suez Canal Bank completes sale of its $30.6 mn stake in Midor to EGPC

Posted: June 2, 2020 at 8:47 pm   /   Oil & Gas

The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East Oil Refinery (Midor) to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy. The bank had agreed last month to sell its 1.27% stake […]

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Midor

Egyptian refiner Midor issues tender to sell 30,000 tonne gasoil cargo

Posted: April 15, 2020 at 2:36 pm   /   Oil & Gas

Egyptian refiner Midor has issued a tender to sell a cargo of gasoil with 0.1% sulphur content in May, according to a document seen by Reuters on Tuesday. The tender is for one 30,000 tonne cargo for loading at the Dekheila port of Alexandria between May 1 to 3. Bids are to be submitted by […]

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Technip Sign

Egypt awards TechnipFMC contract for Assiut Hydrocracking Complex

Posted: February 22, 2020 at 12:04 pm   /   Oil & Gas

Egyptian refiner advances grassroots hydrocracking complex: Assiut National Oil Processing Co. has let a contract to a consortium of Engineering Co. for Petroleum & Chemical Industries, Petroleum Projects & Technical Consultation Co., and TechnipFMC for construction of its hydrocracking complex in Assiut, Egypt. Assiut National Oil Processing Co. (ANOPC), a subsidiary Egyptian General Petroleum Corp.’s […]

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ECHEM Bechtel

Egypt inks agreement with Bechtel for $6.7 bn petchem, refinery complex

Posted: February 12, 2020 at 11:37 am   /   Oil & Gas

ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemical plant and refinery in the Suez Canal Economic Zone, according to an official statement. The agreement, signed on the opening day of the Egypt […]

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Petrochemicals

President Sisi urges modernization of Egypt’s petrochemical industry

Posted: February 4, 2020 at 3:43 pm   /   Oil & Gas

President Sisi urged maximizing the economic benefits of Egypt’s natural resources to serve the country’s goal to become a regional trading hub for oil and natural gas. President Abdel Fattah El Sisi urged the government to continue upgrading the petroleum sector by improving Egypt’s value-added petrochemical industry to cope with sequential changes in the global […]

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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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