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 >>  1/20/2020 - Petroleum Minister Tarek el Mulla signed nine agreements on oil and gas exploration in the Mediterranean and Western Desert with total investments of ...
Egypt >>  1/16/2020 - France has asked to join the Eastern Mediterranean Gas Forum, which aims to develop the region's gas market, Egypt's petroleum ministry said. ...

Egypt >>  1/15/2020 - Natural gas pumping from Israel to Egypt will start on Wednesday, the Egyptian ministry of petroleum announced in a statement early on Wednesday. ...
Egypt >>  1/15/2020 - The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the is...

Egypt >>  1/13/2020 - In line with the strategy implemented by the Ministry of Petroleum and Mineral Resources under the leadership of H.E. the Minister Eng. Tarek El-Molla...
Egypt >>  1/7/2020 - SDX Energy Plc (SDX) is pleased to announce that upon completion of an independent technical and economic audit of the reserves at its operated South ...

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