ASORC | Egypt Oil & Gas - Part 4
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, banking Sources told Al ...
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, Oil & Gas Journal report...
Ganope Prepares to Sign Four Petroleum Agreements
Ganoub El Wadi Petroleum Holding Company (Ganope) is preparing to sign four new petroleum agreements, Egypt Oil & Gas reports. The company had 16 petroleum agreements ongoing till the end of fiscal year (FY) 2017/...
ASORC To Build $1.85B Mazut Refining Facility
The Assiut Oil Refining Company (ASORC) will establish a $1.85 billion facility for conducting thermal cracking on mazut, Egypt Oil & Gas reports. The construction of the Assuit Hydrocracking Complex (AHC) will be... 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, Egypt Oil & Gas reports. The original loan ...
ASORC to Refine 4 M Tons of Crude in 2018/2019
Assiut Oil Refining Company (ASORC) plans to refine 4 million tons of crude oil during fiscal year (FY) 2018/2019, in order tom produce around 36,000 tons of butane, 520,000 tons of naphtha, over 1 million tons of die...
Parliament Approves Guarantees for MIDOR and ASORC
The Egyptian Parliament approved the draft law submitted by the government allowing the Ministry of Finance to guarantee Middle East Oil Refinery (MIDOR) and Assiut Oil Refining Company (ASORC) their $2.6b fund from t...
Ministry’s Development Plan Prioritizes Securing Energy Demands
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, said that Upper Egypt’s development plan is going within an integrated system that prioritizes providing and securing energy in order to ...
