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Tag: Refining

Video: ‪Refining oil and gas‬ (Total)

Posted: April 15, 2016 at 2:00 pm   /   Oil & Gas

How to refine oil and gas? Different types of crude oil look different: some are black and viscous, others are brown and fluid. But none of them can be used as is in car engines, boilers or manufacturing units. They first have to be converted into various finished products through refining For more information, visit […]

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Video: Downstream Industry Axens 2016 Market Outlook

Posted: April 3, 2016 at 1:16 pm   /   Oil & Gas

How did 2015 crude oversupply affect fuel demand and refined products demand? What were the consequences for refiners? What are the 2016 forecasts? How will the 2015 Paris Agreement influence this context? Axens Marketing & Communications Vice President Eric Benazzi looks back at 2015 oil and gas market highlights and gives his insight on 2016 […]

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WorleyParsons lands Project Management Consulting project for Assiut Refinery

Posted: March 27, 2016 at 3:13 pm   /   Oil & Gas

WorleyParsons is pleased to announce that it received last week a Letter of Award from a new customer, Assiut Oil Refining Company (ASORC), a subsidiary of the main NOC Egyptian General Petroleum Corporation (EGPC), for work on the Assiut refinery in Egypt. The contract sees WorleyParsons establishing a significant new customer relationship with one of […]

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EGPC

Egypt seals deal with Azerbaijan on refining crude in local plants

Posted: March 5, 2016 at 1:17 pm   /   Oil & Gas

The Egyptian government has reached an agreement with Azerbaijan on refining 500,000 barrels of crude oil a month in the Egyptian refineries, and exchanging Egypt’s naphtha with petrol 95. In statements to Al Mal newspaper, the head of Egyptian General Petroleum Corporation (EGPC) Mohamed Al Masry said that the agreement aims at using spare refining […]

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MIDOR signs $1.2 billion loan agreement

Posted: February 24, 2016 at 1:18 pm   /   Oil & Gas

Egypt’s state-owned Middle East Oil Refinery Company (MIDOR) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said on Tuesday. The loan represents around 80 percent of the cost of its $1.4 billion Alexandria refinery lab expansion, while the remaining $230 million will be self-financed, MIDOR Chairman Mohamed […]

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Egyptian Refining Co to start output at country's largest refinery in Q1 2017

Posted: January 24, 2016 at 1:00 pm   /   Oil & Gas

The Egyptian Refining Company, a subsidiary of one of Egypt’s largest investment companies Qalaa Holdings, will start production at its $3.7 billion oil refinery in the first quarter of 2017, managing director Mohammed Saad said. The refinery, which has a capacity to produce 4.2 million tons of refined products annually, the largest in Egypt, will […]

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Emerson to Automate Carbon Holding's Tahrir Petrochemicals Complex in $150 million Contract

Posted: January 14, 2016 at 2:52 pm   /   Oil & Gas

Automation and reliability programs for world’s largest naphtha cracker plant will support efficient, high-availability production of plastics and related materials for local and export markets. Emerson and Carbon Holdings, the privately owned Egyptian petrochemical firm, today announced that Emerson Process Management has been selected to provide automation and reliability technologies and services for Carbon Holdings’ […]

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French banks to finance MIDOR Refinery expansion

Posted: January 6, 2016 at 7:12 pm   /   Oil & Gas

Egypt’s oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank and the Italian export development authority, oil minister Tarek El-Molla told Egyptian state news daily Al-Ahram. MIDOR signed in April two deals worth $1.4 […]

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Azerbaijan’s SOCAR interested in Egyptian oil refineries stake

Posted: November 12, 2015 at 1:09 pm   /   Oil & Gas

Azerbaijan’s state energy firm SOCAR is interested in buying stakes in refineries in Egypt and in participation in the African country’s oil refining sector, SOCAR’s president said. “We would like to widen our activities in Egypt, particularly to buy stakes in refineries there and participate in Egypt’s oil refining,” Rovnag Abdullayev told reporters. SOCAR PresiEdent […]

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Egypt finalizes two refinery modernization agreements with Technip

Posted: July 28, 2015 at 1:00 pm   /   Oil & Gas

Under two separate agreements, which were signed during a recent visit to Italy by Egyptian government officials, Technip Italy S.p.A. will provide an array of services for modernization projects at Egyptian General Petroleum Corporation’s (EGPC) 4.5 million-ton/year Assiut refinery in Upper Egypt (ASORC), and Middle East Oil Refining Company’s (MIDOR) 100,000-b/d refinery in Alexandria, Technip […]

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