Egypt receives US$2.48 billion fuel aid in four months
Egypt has received fuel worth US$2.48bn from Saudi Arabia, the UAE and Kuwait since July this year till the end of November, according to an unnamed Egyptian government official
Downstream
GE and Carbon Holdings sign Egyptian petrochemical deal
GE and Carbon Holdings have signed a US$500mn technical support agreement for Tahrir Petrochemicals’ greenfield naphtha cracker and olefins complex project in Ain Sokhna, Egypt
Libya to build two oil refineries
Libya has announced plans to build two new oil refineries in Tubruq and Ubari, according to government sources
Daewoo E&C wins petroleum treatment facility contract in Algeria
Daewoo Engineering & Construction (E&C) has announced that it has been awarded a US$647mn order to build petroleum treatment facilities in Algeria by Sonatrach First Calgary Petroleums Limited
Sonangol to launch global trading office in China
Angola’s state-owned oil enterprise Sonangol has announced its intention to open a global trading office in China
