Aramco, Baosteel, PIF Ink JV to Establish First Integrated Steel Plate Manufacturing Complex in Saudi Arabia

• Tuesday, 2nd May 2023
• by Israa Ibrahim

Aramco, Baoshan Iron & Steel Co., Ltd. (Baosteel), and the Public Investment Fund (PIF) have inked a joint venture (JV) to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia. ...

Solb Misr Announces $64m in Losses

• Wednesday, 6th January 2016
• by Egypt Oil & Gas

Egyptian steel company, Solb Misr, announced losses of around EGP500m ($64m) in 2015, Chairman Gamal El Garhy told Amwal Al Ghad.  The chairman added that losses were due to being forced to operate at 25% capacity thr...

Sandvik’s Global Metallic Efforts on Behalf of UAE Oilfields

• Tuesday, 1st September 2015
• by Egypt Oil & Gas

Sandvik Materials Technology, a division within the Sweden-based Sandvik Group, has just won two important contracts in the UAE, reported Trade Arabia. The first contract is to supply a complete package of materials s...

Unstable Gas Supplies Affect Ezz el Dekheila

• Wednesday, 1st July 2015
• by Egypt Oil & Gas

Egypt steel producer Ezz Dekheila Steel Company, owned by Ezz Steel, announced Monday it has registered EGP 116m in net losses in the first quarter (Q1) of 2015. The latest figures are down from the EGP 144m in net lo...

Factories Stop Work Due to Massive Natural Gas Shortage

• Wednesday, 1st April 2015
• by Egypt Oil & Gas

The majority of reinforcing steel and fertilizer plants in Egypt have halted operations as a natural gas shortage hits the country and supplies shrink from the national holding company. Supplies from EGAS have sharply...