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Tag: SOPC
SOPC

Suez Oil Refinery in Egypt lent $50 million for energy efficiency upgrades

Posted: November 26, 2019 at 11:47 am   /   Oil & Gas

A London-based bank is supporting the modernisation of Egypt’s oil industry with a $50 million (£39m) loan to support energy efficiency investments at a refinery. Suez Oil Processing Company (SOPC) will use the grant from the European Bank for Reconstruction and Development (EBRD) to improve its refinery’s operational efficiency and introduce cleaner fuel. The measures […]

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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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EBRD

EBRD lends SOPC $200 million to finance energy efficiency program

Posted: May 23, 2018 at 3:31 pm   /   Oil & Gas

Egypt signed yesterday a USD 200 million loan agreement with the European Bank for Reconstruction and Development (EBRD) for the Suez Oil Processing Company (SOPC) to finance the company’s energy efficiency investments, including its Green Economy Transition approach, according to an Investment Ministry statement. “In particular, the Project will focus on the installation of a […]

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EBRD to loan Suez Oil Processing Co. $200 milion

Posted: February 5, 2018 at 4:50 pm   /   Oil & Gas

The European Bank for Reconstruction and Development (EBRD) is provisioning a USD 200 million loan to the Suez Oil Processing Company (SOPC) “to finance a package of energy efficiency investments and other refurbishments and installations at the Suez refinery,” according to the EBRD project website. The loan is classified as a sovereign loan to Egypt […]

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