Newsletter subscribe
Tag: Refining
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 […]

No Comments read more
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 […]

No Comments read more
Egypt-China

Egypt, China sign deals for Hamrawein Plant, Oil Refinery, Hydroelectric Plant

Posted: September 3, 2018 at 10:55 am   /   Electricity & Power, Oil & Gas

Egypt, China sign cooperation agreements worth billions: President Abdel Fattah El Sisi and Chinese Premier Xi Jinping witnessed the signing yesterday of cooperation agreements ahead of the China-Africa Cooperation Forum in Beijing, according to an Ittihadiya statement. While the presidency confirmed no detail of the pacts, information has filtered into the local press, with MENA […]

No Comments read more
ANRPC

ANRPC to double 92-95 octane fuel production next month

Posted: August 14, 2018 at 8:56 pm   /   Oil & Gas

The Alexandria National Refining and Petrochemicals Company (ANRPC) will begin next month producing 850k tonnes of 92-95 octane petrol, doubling its annual capacity, Oil Minister Tarek El Molla said yesterday, Al Mal reports. ANRPC had begun trial operations at its USD 233 mn facility in September. Enppi and Petrojet, general contractors on the project, had […]

No Comments read more
Midor

Afreximbank provides $200 million loan to finance MIDOR expansion plans

Posted: August 7, 2018 at 3:21 pm   /   Oil & Gas

The EGPC received a USD 200 million loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR’s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted as financial adviser for the […]

No Comments read more
MPC-Petronas

Misr Petroleum, Petronas sign refining agreement to produce 30k tonnes of oil

Posted: July 25, 2018 at 1:58 pm   /   Oil & Gas

State-owned Misr Petroleum Company (MPC) signed an MoU with Malaysia’s Petronas on Thursday that will see them operate MPC’s idle Amreya plant capacity to pump out an additional 30,000 tonnes of refined products a year, according to an Oil Ministry statement. The output will be sold locally and exported to other African markets through a […]

No Comments read more
Aramco

Saudi Aramco to supply Egypt’s refineries for another 6 months – El Molla

Posted: June 20, 2018 at 2:03 pm   /   Oil & Gas

Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Aramco would supply 500,000 to one million barrels per month, it said. The oil giant began supplying Egyptian refineries in January for an initial six […]

No Comments read more
ERC

Qalaa’s ERC refinery fires up boilers after connecting gas, power

Posted: June 17, 2018 at 3:02 pm   /   Oil & Gas

ERC begins running boilers after connecting refinery with power and gas: Qalaa Holdings’ Egyptian Refining Company (ERC) has begun running the USD 4.3 billion Mostorod refinery’s boilers, Qalaa said in a regulatory filing on Wednesday. The trial runs took place as the refinery was hooked up to electricity and gas, the statement added. The move comes […]

No Comments read more
thyssenKrupp

Thyssenkrupp eyes work on 5 refining, petrochemicals projects in Egypt

Posted: June 11, 2018 at 2:23 pm   /   Oil & Gas

Egyptian Petroleum Minister Tarek El-Molla has met with the Chairman of the German-Arab Chamber of Industry and Commerce (GACIC) Ulrich Hermann and representatives of German multinational conglomerate ThyssenKrupp. ThyssenKrupp is willing to collaborate with the Egyptian companies operating in the field of petrochemicals such as Engineering for the Petroleum & Process Industries (Enppi), Petrojet, and […]

No Comments read more
Technip

MIDOR, Technip sign $1.7 billion contract for refinery expansion

Posted: June 10, 2018 at 3:11 pm   /   Oil & Gas

The project aims at increasing petroleum products, in addition to raising the refinery’s capacity to 175,000 barrels per day. Middle East Oil Refinery (MIDOR) and France-based Technip Company have signed a contract for refinery project expansion. The contract was inked by MIDOR chairman Mohamed Abdel Aziz and Marco Villa, president of Technip’s for EMIA Region, […]

1 Comment read more