the United States Trade and Development Agency (USTDA) awarded two grant agreements to Amreya Petroleum Refining Company (APRC) and Suez Oil Processing Company (SOPC) total of $1.4 million (mm) to conduct a feasibility study for each company’s refinery development.

The Minster of the Petroleum and Mineral Resources, Tarek El Molla, witnessed the signature of a grant deal between the Acting Deputy Director of the United States Trade and Development Agency (USTDA), Todd Abrajano, and the Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), Saad Helal, to fund the feasibility study of a Polyacetal production project with $690,000.