Crude Oil projects proposed for investment in Egypt
Establishing Oil Refinery & Petrochemical Complex
Description: Establishing a complementary complex for producing petroleum & petrochemical products according to the European standard specifications
Objectives:
To produce high-quality petroleum products according to the European export specifications
To produce and export petrochemical products<
To provide job opportunities
Location: Gamasa or Port Said, Egypt
Production Capacity: 20 million tons per year (350,000 bpd)
Estimated Cost: 9 billion dollars
Execution Schedule: 5 years
Start-up Date: 2010
IRR on Equity: 24%
IRR on Investment: 16%
Equity: 35%
Loans: 65%
Current Status: Under study
Shareholder: Undefined
Current Sponsor: A holding company for Refining & Petrochemicals will be established with affiliated companies responsible for different activities of the project
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Develop & Upgrade the Lube-Oil Complex in Suez
Description: Upgrading the existing units in the Lube-oil Complex in Suez to increase the annual production capacity of 37,000 ton/year to 80,000 ton/year
Objective: To produce basic & neutral oils and gas oil to secure the growing local demand and to export the excess quantity
Location: Suez Oil Processing Company, Suez, Egypt
Production Capacity: 43,000 ton/year basic & neutral oils
Estimated Cost: 50 million dollars
Execution Schedule: 24 months
IRR: 18%
Equity: 20%
Loans: 80%
Current Status: Enhancing the complex performance & replacing heat exchangers, pumps and control systems in the existing complex
Shareholder: Suez Oil Processing Co
Current Sponsor: Suez Petroleum Processing Company
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Establishing a Unit for Producing Medical Oil
Description: Building an additional unit to produce medical oil for export with an annual production capacity of 7,000 tons
Objectives:
To increase the annual production rate to 14,000 tons of medical oil, which requires an increase in the production rate of white mineral oil from the unit of special oils that feeds the medical oil unit
To increase special oil unit capacity by 25%
To export medical oil (average expected export price of 600 dollars/ton)
Location: Ameriya Refining Co., Alexandria, Egypt
Production Capacity: Increasing 7,000 tons/year of medical oil and 320 tons of turbines oil
Estimated Cost: 13 million dollars
Execution Schedule: 3 years
IRR: 20%
Equity: 20%
Loans: 80%
Current Status: Financing phase
Current Sponsor: Ameriya Refining Company
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Establishing a Unit for Producing Paraffin Wax
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
Objective: To increase export of petroleum products
Location: Ameriya Refining Petroleum Company, Alex, Egypt
Production Capacity: 20,000 tons/year and 30,000 tons basic oils
Estimated Cost: 46 million dollar
Execution Schedule: 3 years
IRR: 21%
Equity: 20%
Loans: 80%
Current Status: Financing phase
Shareholder: Ameriya Petroleum Refining Company
Current Sponsor: Ameriya Petroleum Refining Company
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Increasing the Efficiency of Crude Oil Transmission from Al Hamraa to Sidi Krier
Description: Increasing transmission capacity in the crude oil line, from 180,000 to 210,000 bpd, 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 and 20 km diameter, starting from Al Hamraa
Objective: The transmission of crude oil & condenses from production location to refineries in Alexandria
Location: From Alhamraa port to storage tanks of Petroleum Pipeline Company in Sidi Krier, Alexandria, Egypt
Production Capacity: Increasing transmission capacity from 180,000 to 210,000 bpd
Estimated Cost: 9 million dollars
Execution Schedule: 18 months
IRR: Transmission fee/km that achieves reasonable IRR
Equity: 20%
Loans: 80%
Current Status: The engineering specifications are set up & a bid was set for the purchase of the pumps
Shareholder: Petroleum Pipeline Company
Current Sponsor: Petroleum Pipeline Company
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Increasing the Refining capacity of Asuit Refinery
Description: Increasing the capacity of the current complex, from 2.5 to 4.5 million tons per year, through the replacement and renewal of some equipments in the current unit, and building a new distillation unit, a gas recovery unit & a hydrogen cracking unit
Objectives:
To cover the needs of South Valley from petroleum products
To transform fuel oil surplus into high valued medium distillers Location: Asuit, Egypt
Production Capacity: Increasing the capacity from 2.5 to 4.5 million tons per year
Estimated Cost: 135 million dollars
Execution Schedule: 26 months
IRR: 15%
Equity: 20%
Loans: 80%
Current Status: The engineering specifications are set up & a bid was set for the purchase of the pumps
Shareholder: Undefined
Current Sponsor: Asuit Refining Company
Natural Gas projects proposed for investment in Egypt
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