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Tag: Refining

Bechtel awarded two contracts by Carbon Holdings of Egypt

Posted: April 20, 2017 at 2:49 pm   /   Oil & Gas

Bechtel Selected to Deliver Major Petrochemicals Project in Egypt – Award Builds on Company’s Extensive Experience in the Middle East. Bechtel, a global leader in engineering, procurement, and construction, announced today that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex […]

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Japan Bank for International Cooperation considers investing in petrochemicals projects in Egypt

Posted: April 20, 2017 at 2:37 pm   /   Oil & Gas

The Japan Bank for International Cooperation is considering investing in new petrochemicals projects on the back of its successful contributions in key projects, including the Egyptian Refining Company’s refinery, said the head of the bank’s Europe and Middle East Division at a meeting with Oil Minister Tarek El Molla on Wednesday, AMAY reports. (Source: Enterprise.press)

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ERC Refinery faces delays, production to start in Q2 2018

Posted: March 2, 2017 at 2:58 pm   /   Oil & Gas

Production from Qalaa Holdings subsidiary Egyptian Refining Company (ERC)’s refinery in Mostorod will be postponed to Q2 2018 following construction delays, Al Mal reported. The refinery was initially set to begin production by the end of 2017 and ERC Managing Director Mohamed Saad said the project is 93% ready. ERC has already begun talks with […]

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Qalaa’s ERC in talks with Aramco, KNPC, Shell over fuel imports

Posted: February 28, 2017 at 3:01 pm   /   Oil & Gas

Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks with Saudi Aramco, Kuwait National Petroleum Company (KNPC) and Shell to import an additional 1.2 mn tonnes of feedstock needed for its operations at USD 3.7 bn refinery in Mostorod, ERC’s Managing Director Mohamed Saad tells Youm7. (Source: Enterprise.press)

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French Ambassador calls on France's Oil & Gas companies to take advantage of Egypt’s investment opportunities

Posted: February 16, 2017 at 10:08 pm   /   Oil & Gas

It’s a historic time for Egypt, as new natural gas explorations will bring self sufficiency to the country, said Marc Benayoun, CEO of Edison. In his speech on Tuesday at the Egypt Petroleum Show (EGYPS) currently being held in Cairo, Andre Baran, France’s ambassador to Egypt, called for French companies operating in the oil and […]

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Oil Ministry approves $8 bln strategy to develop petrochemicals sector

Posted: January 29, 2017 at 1:02 pm   /   Oil & Gas

The Oil Ministry has approved a USD 8 billion strategy to develop refining facilities and the petrochemicals sector, Oil Minister Tarek El Molla told Al Mal. The strategy aims to upgrade machinery at existing facilities to maximize production, and build several new projects in Cairo, Alexandria, Assiut, and Suez, he added. (Source: Enterprise.press)

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$1.8 billion investment in Egypt's petrochemicals sector expected from Omani company

Posted: December 14, 2016 at 3:54 pm   /   Oil & Gas

An unidentified Omani company is planning on investing USD 1.8 bn in petrochemicals in Egypt, Al Mal reports, quoting Nancy Hadi, Managing Partner at International Business and Investment Services (IBIS). Hadi is accompanying a group of businessmen and company leaders currently in the Sultanate to meet with Omani companies on investing in Egypt. (Source: Enterprise.press)

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ICIS: Egypt juggles fuel supply loss with currency flotation, subsidy cuts

Posted: November 20, 2016 at 1:06 pm   /   Oil & Gas

Egypt will look for lucrative long-term deals to import refined products or turn to spot tenders with international traders to meet the vacuum left by Saudi Arabian Oil Company (Saudi Aramco)’s reported decision to indefinitely suspend its supply arrangement with the country, according to analysts. Egyptian General Petroleum Corporation (EGPC) is currently seeking seven cargoes […]

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SOCAR to broaden activities in Egypt

Posted: November 15, 2016 at 12:44 pm   /   Oil & Gas

Azerbaijan’s state oil company SOCAR may soon expand its participation in the modernization of Egyptian energy industry. Azerbaijani Ambassador to Egypt Tural Rzayev said that Egyptian side is interested in broader participation of SOCAR in the oil industry of the country. “For now, energy is deemed to be the main dimension of cooperation between the […]

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Ethydco complex successfully produces ethylene and derivatives

Posted: November 14, 2016 at 1:33 pm   /   Oil & Gas

The Ethydco complex has successfully produced and supplied ethylene and derivatives to the domestic market and exported excess, the Oil Ministry announced, according Al Masry Al Youm. The complex also produced polyethylene, which is used in pipelines carrying natural gas, water, and wastewater. The project helps achieve the ministry’s strategy to maximize added value on […]

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