Assuit | Egypt Oil & Gas

Europe Invested $650m In Power Plant Upgrades

Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.

Misr-Iran Bank to Contribute Part of Assiut Oil Refinery’s $150m Loan

Misr Iran Development Bank is planning to contributing $10m to Assiut Oil Refining Company’s loan worth $150m.

French Axens Won Contract to Upgrade Assiut Oil Refining Company

Egypt’s Assiut Oil Refining Company (ASORC) plans to upgrade its refinery, located 400km south of Cairo, French petrochemicals engineering firm Axens said on Tuesday.

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