Bechtel is interested in increasing its investments in Egypt’s oil and gas sector, the company’s CEO, Brendan Bechtel, said during a meeting with the Egyptian officials, Egypt Oil & Gas reports.
The CEO met with the Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Head of Egyptian Petrochemicals Holding Company (ECHEM), Mohamed Safaan, to discuss Bechtel’s participation in Egypt’s economy.
The participants discussed petrochemical projects, such as those carried out by Misr Fertilizers Production Company (MOPCO) and the Egyptian Ethylene and Derivatives Company (ETHYDCO). They also talked about the petrochemical complex planned for Ain Sokhna and the propylene production project of Sidi Kerir Petrochemicals Company (Sidpec).
El Molla noted that Egypt could benefit from Bechtel’s experience in the implementation of these projects.
Bechtel is a global engineering, construction, and project-management company that specializes in energy, mining, and infrastructure.
In 2016, Assiut Oil Refining Company (ASORC), a subsidiary of Egyptian General Petroleum (EGPC), selected Bechtel to design a delayed-coking unit at its refinery in Assiut, Refining and Petrochemicals reported at the time.