Features | Downstream

  • Egyptian Refining Co receives $2.6 billion loan

    Egyptian Refining Co receives $2.6 billion loan

    Monday, 29th December 2014
    The Egyptian Refining Company (ERC) signed a debt package of $2.6 billion to finance construction of its state-of-the-art $3.7 billion second-stage oil refinery in the Greater Cairo Area, the company said in statement.
  • RasGas makes its first LNG delivery

    RasGas makes its first LNG delivery

    Monday, 29th December 2014
    RasGas has delivered its first supply of liquefied natural gas (LNG) into Portugal.
  • Discussion to build four refineries in Iraq

    Discussion to build four refineries in Iraq

    Monday, 29th December 2014
    The Iraqi oil ministry is talking to several international oil companies about investment in four planned refineries throughout Iraq to meet increasing domestic demand, the country's deputy oil minister has said.
  • Vitol, Helios in talks for Shell’s Africa Downstream Businesses

    Vitol, Helios in talks for Shell’s Africa Downstream Businesses

    Monday, 29th December 2014
    The Vitol Group confirmed that it is in exclusive negotiations with Shell Oil Products Africa for the potential acquisition of equity in their downstream businesses in 19 countries in Africa, subject to final negotiations and any necessary regulatory and final company approvals.
  • Egypt and China to join refinery forces

    Egypt and China to join refinery forces

    Monday, 29th December 2014
    The Egyptian Ministry of Petroleum signed an agreement with China to build a new $2 billion refinery, which will have its affect on the oil industry in Egypt. "Signing this agreement with China to build a refinery could not pick a better time. We are now on the right track, especially that our current refineries lack the technologies that being used in other countries," an official in the petroleum sector told Egypt Oil & Gas newspaper (EOG).
  • MOVA’s upgrade hits the oil & gas logistics sector

    MOVA’s upgrade hits the oil & gas logistics sector

    Monday, 29th December 2014
    Mrs. Mahy Tousson, Managing Director of MOVA Transportation & Oil Services, Drexel Oilfield Equipment (Egypt), states that MOVA will start offering global freight forwarding services, airfreight as well as seafreight to and from Egypt within the next coming weeks.
  • Towards a brighter future in natural gas production

    Towards a brighter future in natural gas production

    Monday, 29th December 2014
    Natural Gas distribution continues to occupy major importance in MENA region as it is considered one of the investment priorities of the country