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Tag: Refining

Archirodon Group announces acquisition of Technipetrol Hellas

Posted: May 30, 2018 at 2:06 pm   /   Oil & Gas

Archirodon Group announced the 100% acquisition of Technipetrol Hellas, a subsidiary of TechnipFMC.  Details about the value of the transaction was not disclosed. The agreement between the two International Groups was signed on 29th March 2018 and the transaction was completed on 18th April 2018. This acquisition was approved by the Board of Directors and […]

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Suez Refinery

EBRD finances upgrade of Egypt’s Suez oil refinery

Posted: May 25, 2018 at 2:22 pm   /   Oil & Gas

The European Bank for Reconstruction & Development (EBRD) is providing a $200-million loan to state-owned Egyptian General Petroleum Corp. subsidiary Suez Oil Processing Co. (SOPC) for the upgrade of its 68,000-b/d refinery adjacent to Suez, Egypt, at the entrance of the Suez Canal. ERBD funds will finance investments to modernize the refinery with technical updates […]

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CH-Squash

Rowan Elaraby becomes latest squash champion to join Carbon Holdings’ sports sponsorship program

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

Rising phenomenon Rowan Elaraby becomes latest squash champion to join Carbon Holding’s sports sponsorship program Sponsorship of the PSA Tour Irish Open winner comes less than a month after Carbon Holdings announced its backing of championship couple Nour Al Tayeb and Ali Farag. Carbon Holdings, a leading integrated petrochemicals producer in Egypt, is pleased to […]

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ADNOC

Egypt’s PM discusses oil & gas cooperation with ADNOC chief

Posted: May 10, 2018 at 12:05 pm   /   Oil & Gas

Egypt’s Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors. (Source: Enterprise.press)

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Qalaa ERC Construction

Qalaa Holdings eyes increasing stake in Egyptian Refining Company

Posted: May 9, 2018 at 12:30 pm   /   Oil & Gas

Qalaa eying additional stake in Egyptian Refining Company: Qalaa Holdings announced yesterday that it is looking to increase its ownership of its greenfield Egyptian Refining Company (ERC) by acquiring or subscribing to additional shares in its subsidiary Orient Investment Properties, Qalaa said in a regulatory filing. ERC recently completed a project finance restructuring that saw […]

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Toyota Tsuscho

Toyota Tsusho discusses investment in Egypt’s petrochemical sector

Posted: May 3, 2018 at 1:14 pm   /   Oil & Gas

The Japanese Corporation discussed participation in hydrocarbon cracking for diesel fuel project at the Assuit Oil Refining Company (ASORC) plant, with investments worth $1.9 billion, says El-Molla. Minister of Petroleum and Mineral Resources Tarek El-Molla revealed in a press statement on Tuesday that he discussed with a delegation from Japan’s Toyota Tsusho Corporation the possibility […]

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Qalaa's Chairman: Egypt is ready to be regional energy hub

Posted: April 25, 2018 at 2:24 pm   /   Oil & Gas

With gas production in full swing across a number of sites in Egypt, the country is ready to become a key exporter of energy in the region and beyond, the chairman and founder of investment firm Qalaa Holdings told CNBC. “In the oil and gas sectors Egypt remains a very important player,” Ahmed Heikal, told […]

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Carbon Holdings sponsors Squash World Champions Ali Farag and Nour El Tayeb

Posted: April 14, 2018 at 4:53 pm   /   Oil & Gas

Sponsoring the Egyptian squash duo reflects Carbon Holding’s commitment to supporting young athletes as part of the company’s mandate to positively impact Egyptian society. Carbon Holdings, a leading integrated petrochemicals producer in Egypt, is pleased to announce that it signed a sponsorship agreement with Egyptian world squash champions Ali Farag and Nour Al Tayeb as […]

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Qalaa Holdings' ERC expects to recover cost of delayed launch in six years

Posted: March 6, 2018 at 11:57 am   /   Oil & Gas

Qalaa Holdings’ Egyptian Refining Company (ERC) expects to recover the cost of its delayed launch in six-years’ time, Managing Director Mohamed Saad told the press yesterday, Reuters reports. The company is on track to begin trial operations at the Mostorod facility in 3Q2018 and launch operations by the end of 2018 or early next year, […]

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Aramco to supply Egypt's refineries with crude oil for 6 months

Posted: March 4, 2018 at 8:38 pm   /   Oil & Gas

Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for six months, starting January 2018, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Thursday. Aramco will supply 500,000 barrels per month of crude oil to Egyptian refineries, Molla added. (Source: Reuters)

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