Egypt: Agreement signed for petrochemical complex


Issue 275 - 15 Apr 2014
Despite Egypt’s continued political instability, a consortium of Italy’s Maire Tecnimont and the Netherlands’ Archirodon Group has signed a contract worth up to $1.95bn with Carbon Holdings for utilities and offsite facilities as part of the Tahrir petrochemical complex in Ain Sokhna. Carbon Holdings, founded by Basil El-Baz, is a privately owned Egyptian company which develops and operates downstream oil and gas projects. On completion, the Tahrir complex is expected to boost Egypt’s annual exports by more than 25%. The contract is for engineering, procurement, construction and commissioning activities worth between $1.7bn and $1.9bn.

Want to read more?

Small article

£4

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register