Petroleum Arrows to Raise Product Distribution by 5%
Petroleum Arrows aims to increase the distribution rate of the industrial gases, ammonia and high-grade propane, and transporting the petroleum products with 5% by the end of Q4 in 2019.
Petroleum Arrows aims to increase the distribution rate of the industrial gases, ammonia and high-grade propane, and transporting the petroleum products with 5% by the end of Q4 in 2019.
The meeting reviewed the operational situation of the mazut hydro-cracking complex at ANOPC to secure Upper Egypt's demands.
The gas isolated station will cover the new naphtha refinery's electricity needs.
The project will have 660,000 tons annual production capacity, divided into 650,000 tons of gasoline, in addition to quantities of butane and hydrogen.
Assiut Oil Refining Company (ASORC) plans to refine 4.1 million tons of crude oil during fiscal year (FY) 2019/20, according to company head Mahmoud Hassan.
The Assiut Oil Refining Company (ASORC) has completed talks with local and Gulf banks for a $500 million loan, a part of the $1.9 billion financing package for the mazut hydrocracking complex.
WorleyParsons won a four-year contract from Assiut Oil Refining Co. (ASORC) to provide project management consultancy for the Assiut Hydrocracking Complex, which is located in Upper Egypt.
Ganoub El Wadi Petroleum Holding Company (Ganope) is preparing to sign four new petroleum agreements.
The Assiut Oil Refining Company (ASORC) is to construct a $1.85 billion facility for conducting thermal cracking on mazut.
The Assiut Oil Refining Company (ASORC) signed an agreement with the National Bank of Egypt (NBE) on April 4th regarding a $100 million loan from China Development Bank.