Qalaa Holdings Explains Reduced Stake in ERC
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.
Refineries | Egypt Oil & Gas - Part 4
Kuwait Selects Honeywell for Al-Zour Refinery Contract
Kuwait Integrated Petroleum Industries Company (KIPIC) has awarded Honeywell UOP a service contract in Al-Zour Refinery.
SFZ Signs $2.5 B Agreement to Build Salalah Refinery
Salalah Free Zone (SFZ) has signed a usufruct agreement for the establishment of the Salalah Refinery project.
Egypt Invests EGP 43 B in Assiut Oil Projects
Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.
Iraq Discusses Cooperation Projects with Iran
An Iraqi delegation has recently discussed cooperation with Iranian companies in oil and gas projects during a meeting with Iran’s Energy Industries Engineering and Design Company (EIED).
El-Molla Discusses Oil Imports, Investments with KPC
Minister of Petroleum Tarek El-Molla discussed with a delegation from the Kuwait Petroleum Corporation (KPC) investment opportunities and projects, especially refining Kuwaiti crude oil in Egyptian refineries.
MIDOR Production to Reach 8 MM Tons Annually
The production of the Middle East Oil Refinery (MIDOR) plant will exceed 7 million tons annually by the end of the expansion works.
Aramco, Petronas Start Operations at Pengerang Naphtha Cracker
Saudi Aramco and Malaysia’s Petroliam Nasional Berhad (Petronas) have begun operations at their new naphtha cracker
Ministry of Petroleum to Build $8.5 B Petrochemicals Complex
The Ministry of Petroleum and Mineral Resources is studying the construction of a new refinery and petrochemicals complex in the Al-Alamein region with investments of about $8.5 billion.
Qalaa Holdings Receives $120 M for ERC
The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.
