ASORC Negotiates $500M Loan
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.
ASORC | Egypt Oil & Gas - Part 4
WorleyParsons to Provide Project Management Consultancy for Assiut 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.
Ganope Prepares to Sign Four Petroleum Agreements
Ganoub El Wadi Petroleum Holding Company (Ganope) is preparing to sign four new petroleum agreements.
ASORC To Build $1.85B Mazut Refining Facility
The Assiut Oil Refining Company (ASORC) is to construct a $1.85 billion facility for conducting thermal cracking on mazut.
ASORC, NBE Reach Agreement Over $10 M China Loan
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.
ASORC to Refine 4 M Tons of Crude in 2018/2019
ASORC plans to refine 4 million tons of crude oil during FY 2018/2019, in order to produce around 36,000 tons of butane, 520,000 tons of naphtha, over 1 million tons of diesel, 2.3 million tons of mazut, and 25,00 ...
Parliament Approves Guarantees for MIDOR and ASORC
The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund.
Ministry’s Development Plan Prioritizes Securing Energy Demands
Upper Egypt's development plan is going within an integrated system.
ASORC Signs Two Development Contracts with Foreign Firms
Assiut Oil Refining Company (ASORC) signed a new development contract with Australian company WorleyParsons and another with French company Axens.
