Refineries | Egypt Oil & Gas - Part 4

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. The company explained th...

Kuwait Selects Honeywell for Al-Zour Refinery Contract

Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of the Kuwait Petroleum Corporation (KPC), has awarded Honeywell UOP a contract in Al-Zour Refinery, Reuters reported. Honeywell UOP will provide a ...

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, Muscat Daily reported. The $2.5-billion project will have a production capacity of 150,000 barrels per day...

Egypt Invests EGP 43 B in Assiut Oil Projects

Investments in oil production and refining projects in Assiut total EGP 43 billion, sources in the Ministry of Petroleum told Egypt Today. Projects include establishing a refining unit for producing high-octane gasoli...

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), Tehran Times reported. Cooper...

El-Molla Discusses Oil Imports, Investments with KPC

Minister of Petroleum Tarek El-Molla has emphasized the strong ties between Egypt and Kuwait as he received a delegation from the Kuwait Petroleum Corporation (KPC), Egypt Oil & Gas reports. Abdulnasser Al-Fulaij,...

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, Amwal El-Ghad reported The refining capacity will increase by about 60% once the expa...

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, industry sources told Reuters. The cracker, which is part of the $2.7 billion Refinery and Petrochem...

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 . 5 billion, Al-Ahram reported. According to...

Qalaa Holdings Receives $120 M for ERC

Qalaa Holdings has completed a $120 million funding round for its subsidiary, the Egyptian Refining Company (ERC), bringing the total capital investments of ERC to $1.5 billion and the total investment cost to $4.4 bi...

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