Oil Egypt accountACCOUNT King Tut

Maire Tecnimont Awarded EPC contract for New Ammonia Plant in Egypt

Source: www.gulfoilandgas.com 9/12/2019, Location: Egypt

Share |
Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has signed with Egypt Hydrocarbon Corporation, a subsidiary of Carbon Holdings, a preliminary EPC contract related to the implementation of a new Ammonia plant in Ain Sokhna, Egypt, near Suez.

The plant capacity is 1320 MTPD and uses KBR technology.

Egypt Hydrocarbon Corporation is a company engaged in the production and sale of Ammonium Nitrate, which is already produced in the same industrial facility where the new ammonia plant will be built.

The contract will become effective upon the finalization of certain contractual conditions and once a financial closing is reached. The support of both SACE and US EXIM Bank will be instrumental to execute the financial closing.

The Scope of Work concerns execution of engineering, supply of all equipment and materials and construction and erection works. The project is expected to be completed in 36 months once it become effective.

The contract was signed by Carbon Holdings Chairman and CEO Basil El-Baz, and Maire Tecnimont Group CEO Pierroberto Folgiero.

The ceremony was also attended by Mrs Dalia Khorshid, Chairwoman and CEO of Masar Financial Advisory, Mr Alessandro Decio, CEO of SACE and H.E. Giampaolo Cantini, Italian Ambassador to Egypt.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are very happy to expand our footprint in Egypt in our fertilizers core business, leveraging our longterm relationships with the Egypt Hydrocarbon Corporation”

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  2/11/2020 - The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subs...
Egypt >>  2/10/2020 - Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block. The block is...

Egypt >>  2/9/2020 - Dubai-based on-demand fuel delivery company Cafu is planning to expand its business into Egypt soon, the company said on LinkedIn, without providing f...
Egypt >>  1/28/2020 - Egypt has signed two deals with Exxon Mobil for oil and gas exploration in the Mediterranean, the petroleum ministry said. ...

Egypt >>  1/28/2020 - In South Disouq (SDX Working Interest 55%), Preparations continue at South Disouq for two exploration wells targeting gross unrisked P50 volumes of up...
Egypt >>  1/27/2020 - Petroleum Minister Tarek Al Mulla and Sports and Youth Minister Ashraf Sobhy opened an integrated station to fuel cars with natural gas and liquefied ...

Related Categories: Consultants  Design/construction/Engineering Graphics  Engineering  General  Production Engineering  Project & Resource Management  Training & Education 

Related Articles: Consultants  Design/construction/Engineering Graphics  Engineering  Production Engineering  Project & Resource Management  Training & Education 

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us