Refinery projects defy investment hurdles
Issue 170
- 19 Sep 2009
| 4 minute read
Two refinery projects are going ahead in Egypt – the first led by local private equity group Citadel Capital, and the second by Sokhna Refining & Petrochemical Company (SRPC), which is said to be building a $2.2bn refinery in Ain Al-Sokhna. Egypt’s planned new refinery projects have suffered from the global financial crisis, which has made raising funds difficult and driven up costs.
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