Misr Petroleum, Petronas to Establish New JV
Misr Petroleum Company and Petronas are preparing to launch a new joint venture (JV) for producing high quality lubricants and exporting them during Q1 2019.
Misr Petroleum Company and Petronas are preparing to launch a new joint venture (JV) for producing high quality lubricants and exporting them during Q1 2019.
Misr Petroleum Company and Egypt's Co-operation Petroleum Company (COOP) will launch a new reformulated 95-octane benzene, which will be sold at the same price of 95-octane benzene.
Misr Petroleum and Petronas have signed a memorandum of understanding (MoU) to produce 20,000 tons of first class oils and 10,000 tons of diesel annually.
Misr Petroleum Company plans to reach target sales of 10 million tons during FY 2018/2019 and achieve around EGP 49.8 billion sales revenue out of services and products sales,
Egypt’s Co-Operation Petroleum Company (COOP) and Misr Petroleum Company sent a letter to an Egyptian banking consortium asking to double an EGP 10 billion loan, which was granted late 2014.
Misr Petroleum Company increased the storage capacity of the different benzene types along with diesel to reach 128,000 liters, upon operation start of Suhag station.
Experimental operations have commenced at Misr Petroleum's new petroleum storage, handling, and shipping warehouse at Badr City.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotions and transfers.