Petrochemicals News
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Egypt's Carbon Holding eyes $4 bln loan by for petchem project
Baz added he expected construction of the scheme to begin in the first quarter of 2016.
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Indian petrochemicals giant Sanmar to invest $350 mn in Egypt
The added investment will bring total investment in Egypt by Sanmar Group to $1.45 bn.
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Egypt's Sidi Kerir to pay dividend of LE1.65 per share
Petrochemicals firm posted annual net profits of LE996.6 million for the year ended in December, down from LE1.3 billion the previous year.
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Egypt, Kuwait to invest in petrochem projects
Al-Kharafi: The projects will provide great job opportunities which would amount to 28 000 direct and indirect opportunities
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Egypt to invest $14.5B in petchems, refining over five years
Egypt is also considering floating stakes in some state-owned oil companies on the Egyptian stock exchange.
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Construction of $7 billion naphtha cracker to start soon in Egypt
The new factory will be the largest liquid naphtha cracker in the Middle East, requiring investment of $7 billion.
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Port Said first governorate to fully apply Smart-Card system
Port Said was chosen as a pilot governorate for the implementation of the Fuel Smart-Card system in Egypt.
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IDB approves $425 mn loan to Egypt
Loans will help fund development of petroleum refinery and first phase of redevelopment work at Sharm El-Sheikh airport.
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UAE to provide Egypt with $8.7 bln petroleum products
"We will complete all the details this week and the first shipment will be sent next week," the official said, referring to the UAE agreement.
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Government bodies owe Petroleum Authority EGP 163bn
The Ministry of Finance has accrued EGP 95bn in debt owed to the Petroleum Authority, which includes some EGP 32bn for subsidy differentials.