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Tag: Refining

Minister of Petroleum attends signing of MOU for cooperation between EGPC and SOCAR

Posted: November 6, 2016 at 7:33 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) signed an MoU with the State Oil Company of Azerbaijan Republic (SOCAR) according to which SOCAR will supply Egypt with up to 2 million barrels of crude oil for refining, in addition to cooperation in LNG, infrastructure, petrochemicals industry and swapping agreements of crude oil and petroleum products, Ahram […]

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ERC Mostorod Refinery to be completed in Q1 2017

Posted: October 18, 2016 at 6:23 pm   /   Oil & Gas

The Egyptian Refining Company’s Managing Director, Mohamed Saad, stated that the company will complete its refining project in Mostorod within the first quarter of 2017, with the aim of addressing supply gaps in the petroleum derivatives market. During a press conference, Saad said that 90% of the project has been executed. He added that the […]

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Infographic: What Can Be Made from One Barrel of Oil? (Visual Capitalist)

Posted: October 4, 2016 at 1:56 pm   /   Oil & Gas

Oil gets a bad rap these days, but the stuff is actually quite incredible. Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each barrel of oil is refined to be used in a variety of applications that […]

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El-Molla: Egypt executes 8 petrochemicals projects worth $7.4 bn

Posted: August 15, 2016 at 12:18 pm   /   Oil & Gas

Egyptian petroleum sector owns eight large petrochemicals projects with investments worth US$7.4 billion and total capacities estimated at 4.5 million tonnes per year. Oil Minister Tarek El-Molla stated Saturday that those projects include the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco) whose investments are estimated at US$1.9 billion. The new complex has been […]

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Kuwait holds talks with Petroleum Ministry to refine oil in Egypt

Posted: June 19, 2016 at 9:12 pm   /   Oil & Gas

A delegation from Kuwait Petroleum Corporation (KPC) had talks with the Egyptian petroleum minister over the possibility of refining the Kuwaiti oil in Egyptian refineries, according to a statement issued on Friday. The studies included the increase of shipping and storage facilities in SUMED’s location in Ain Sukhna and Sidi Kerir, as well as raising […]

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Societe Generale wins advisory mandate for Tahrir Petrochemicals complex in Egypt

Posted: June 16, 2016 at 8:51 pm   /   Oil & Gas

Societe Generale and Tahrir Petrochemicals Corporation S.A.E., owned by Egyptian firm Carbon Holdings Limited, have signed an agreement mandating the bank to serve as financial advisor to the Tahrir Petrochemicals project in Egypt. Tahrir Petrochemicals is a private sector greenfield petrochemicals complex, and will be the largest complex in the country once it is completed. […]

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International Finance Corporation invests $25 million in Carbon Holdings

Posted: May 31, 2016 at 2:09 pm   /   Oil & Gas

IFC Supports Manufacturing in Egypt with a $25 million Investment in Carbon Holdings Limited IFC, a member of the World Bank Group, will invest $25 million in Carbon Holdings, an Egyptian developer and operator of manufacturing projects for downstream petrochemicals required in a range of industries, including mining, food packaging, and automotive parts. Egypt is […]

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Qalaa Holdings says new ERC refinery will cut government's import bill

Posted: May 26, 2016 at 1:51 pm   /   Oil & Gas

Egyptian investment firm Qalaa Holdings is confident its new refinery will cut the country’s dependence on crucial oil product imports, particularly as a weaker currency and rising crude prices force the government to reduce its energy bills. The $3.7 billion Egyptian Refining Co (ERC) will have the capacity to produce 4.2 million tonnes of refined […]

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Assiut Refinery lets contract to Bechtel for modernization project

Posted: May 21, 2016 at 1:15 pm   /   Oil & Gas

Assiut Petroleum Refining Co. (ASORC), a subsidiary of Egyptian General Petroleum Corp. (EGPC), has let a contract to a subsidiary of Bechtel Corp., San Francisco, for a grassroots unit to be built as part of ASORC’s $1.5-billion modernization program at its 4.5 million-tonne/year refinery in Assiut, Egypt, about 400 km south of Cairo. Bechtel Hydrocarbon […]

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Expansion of gas production tops state priorities for next period

Posted: May 11, 2016 at 7:56 pm   /   Oil & Gas

Egypt currently consumes about 73m tonnes of oil, 33m tonnes of this is directed to the electricity sector. The Cairo Oil Refining Company (CORC) is currently working on launching a new plant to refine about 4.2m tonnes of crude oil annually into liquefied petroleum gas (LPG) and other petroleum derivatives, Egyptian General Petroleum Corporation (EGPC) […]

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