Crude Oil Projects proposed for investment in Egypt طباعة

 

Establishing Oil Refinery & Petrochemical Complex

Project Description Establishing a complementary complex for producing petroleum & petrochemical products according to the standard European specifications
Project Location Gamasa or Port Said
Production Capacity 20 million tons per year (350 000 barrels/day )

Estimated Cost

9 billion dollars

Project Importance

Producing high quality petroleum products according to the European export specifications, also producing & exporting petrochemical products , as well as providing job opportunities.

Execution Schedule

5 years
Start-up Date

2010

Shareholders

Undefined

Major Economic Indicators  
IRR (on Equity) 24%
IRR (on Investment) 16%
Equity/loans 35% Equity - 65% loans
Current Status Under Study
Current Sponsors A Holding Co. for Refining & Petrochemicals will be established with affiliated companies responsible for different activities of the project


Develop & Upgrade the Lube-Oil complex in Suez

Project Description

Upgrade the existing units in the Lube-oil Complex in Suez to increase the annual production capacity 37,000 ton/year to 80000 ton/year

Project Location

Suez Oil Processing Company, Suez

Production Capacity

43,000 ton/year basic & neutral oils

Estimated Cost

50 million dollars

Project Importance

Production of basic & neutral oils and gas oil to secure the growing local demand and to export the excess quantity

Execution Schedule

24 month

Start-up Date

 

Shareholders

Suez Oil Processing Co. Open for Investment
Major Economic Indicators  
IRR 18 %
Equity/loans 20% Equity , 80% loans
Current Status Enhancing the complex performance & replacing heat exchangers, pumps and control systems in the existing complex

Current Sponsors

Suez Petroleum Processing Company




Establishing a unit for producing medical oil

Project Description

Building additional unit for producing medical oil for export with annual production capacity of 7000 tons, for export and thus increasing the annual production rate to 14000 tons of medical oils. This requires increasing the production rate of White Mineral Oil from the unit of special oils that feeds the Medical oil unit. And so the special oil unit capacity has to increase by 25% in order to provide the required white metal oil

Project Location

Ameriya Refining Co., Alex

Production Capacity

Increasing 7000 tons/year of medical oil and 320 tons of turbines oil

Estimated Cost

13 million dollars

Project Importance

Exporting Medical oil ( Average expected export price 600 dollars/ton )

Execution Schedule

3 years

Start-up Date

 

Shareholders

Ameriya Refining Company. Open for investment
Major Economic Indicators  
IRR 20%
Equity/loans 20% Equity , 80% loans

Current Status

Financing Phase

Current Sponsors

Ameriya Refining Company.


 

Establishing a Unit for producing Paraffin wax

Project Description

Producing pure Paraffin wax, instead of exporting raw wax, through upgrading current unit of wax separation to produce wax with 1-3% oil , as well as building a unit for treating wax with Hydrogen .

Project Location

Ameriya Refining Petroleum Company, Alex

Production Capacity

20,000 tons/year and 30,000 tons basic oils

Estimated Cost

46 million dollar

Project Importance

Increasing export of petroleum products

Execution Schedule

3 years

Start-up Date

 

Shareholders

Ameriya Petroleum Refining Company Open for investment
Major Economic Indicators  
IRR 21%
Equity/loans 20% Equity , 80% loans

Current Status

Financing phase

Current Sponsors

Ameriya Petroleum Refining company




Increasing the efficiency of crude oil transmission from Al Hamraa to Sidi Krier

Project Description

Increasing transmission capacity in the crude oil line , from 180 to 210 thousand barrel/day, to keep up with the expected increase in crude line production at western desert fields. The project includes doubling the line of Al Hamraa/Sidi Krier for 30km length & 20 km diameter, starting from Al Hamraa.

Project Location

From Alhamraa port to storage tanks of Petroleum Pipeline Company in Sidi Krier.

Production Capacity

Increasing transmission capacity from 180 to 210 thousand barrel/day

Estimated Cost

9 million dollars

Project Importance

Transmission of crude oil & condenses from production location to refineries in Alex

Execution Schedule

18 months

Start-up Date

 

Shareholders

Petroleum Pipeline Company Open for investment
Major Economic Indicators  
IRR Transmission fee/km that achieves reasonable IRR
Equity/loans 20% Equity , 80% loans

Current Status

The engineering specifications are set up & a bid was set for the purchase of the pumps

Current Sponsors

Petroleum Pipeline Company

 


 

Increasing the Refining capacity of Asuit Refinery

Project Description

Increasing the capacity of the current complex , from 2.5 to 4.5 million tons per year , through replacing & renewing some equipments of the current unit & building a new distillation unit, a gas recovery unit & a hydrogen cracking unit .

Project Location

covering the needs of South Valley from petroleum products and transforming fuel oil surplus into high valued medium distillers

Production Capacity

Increasing the capacity from 2.5 to 4.5 million tons per year

Estimated Cost

135 million dollars

Project Importance

Covering the needs of South Valley from petroleum products & transforming fuel oil surplus into high valued medium distillers

Execution Schedule

26 months

Start-up Date

 

Shareholders

Undefined
Major Economic Indicators  
IRR 15%
Equity/loans 20% equity / 80% Loans

Current Status

The engineering specifications are set up & a bid was set for the purchase of the pumps

Current Sponsors

Asuit Refining company
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