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Latest Tracker Updates
30 July 2015: Technip to upgrade the Assiut Refinery

30 July 2015

Technip has confirmed the finalisation of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the modernisation project of the Assiut refinery, Upper Egypt.

The investment has an estimated value of $1.5 billion. It aims to maximise diesel production, introduce modern refinery technologies in Upper Egypt and satisfy the growing local demand from petroleum products.

According to the agreement, Technip will now start activities for the project, as well as providing support to ensure project financing. SACE is ready to evaluate a possible intervention to support the project. Technip will take responsibility for the EPC phase of the project in due course.


29 July 2015: CB&I lands oil sands engineering contract


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