{"id":563619,"date":"2021-07-11T04:00:39","date_gmt":"2021-07-11T04:00:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/"},"modified":"2021-07-11T04:00:39","modified_gmt":"2021-07-11T04:00:39","slug":"bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/","title":{"rendered":"Bechtel inks two agreements for Ain Sokhna\u2019s USD 7.5 bn petchem complex"},"content":{"rendered":"

<\/a> Bechtel will design Africa\u2019s largest petchem complex<\/strong>: US construction giant Bechtel will lead the design and construction of the USD 7.5 bn petchem complex<\/a> being built by the Red Sea National Refining and Petrochemicals Company in the Ain Sokhna industrial zone under two agreements signed with the Oil Ministry over the weekend, the ministry said in a statement<\/a>. The agreements will see the US company working alongside state-owned Petrojet and Enppi on the project management, engineering design services, and construction of the facility, which the government says will be the largest of its kind in Africa.<\/p>\n

Red Sea National Refining and Petrochemicals Company and Bechtel are expected to sign an official agreement for the project in early August<\/strong>, the statement said. Bechtel, Technip and Saipem have already assisted the Egyptian Petrochemicals Holding Company (ECHEM) in conducting preliminary studies for the project, while Bechtel is said to also be securing funding<\/a> from unnamed international institutions for the execution of the project.<\/p>\n

What\u2019s happening with TPC?<\/strong> We\u2019ve been told that the Red Sea-Bechtel refinery is a separate project to the USD 11 bn Tahrir Petrochemicals Complex (TPC), which is also billing itself as the biggest refinery of its kind in Africa. TPC owner Carbon Holdings was reported in April to be restructuring mns of USD in debt taken on to finance the construction of the plant. A TPC official declined to provide an update on the project when approached by Enterprise at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bechtel will design Africa\u2019s largest petchem complex: US construction giant Bechtel will lead the design and construction of the USD 7.5 bn petchem complex being built by the Red Sea National Refining and Petrochemicals Company in the Ain Sokhna industrial zone under two agreements signed with the Oil Ministry over the weekend, the ministry said […]<\/p>\n","protected":false},"author":1,"featured_media":563620,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7278],"tags":[1001,4130,942,72,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-bechtel","tag-egyptian-petrochemical-holding-company","tag-enppi","tag-enterpriseam","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"2b5a4e24-d736-41b6-b4a6-f4ab2e674e5f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/94.jpg","photo_position":"above","related_issue":[563613],"teaser":"","voice_url":""},"yoast_head":"\nBechtel inks two agreements for Ain Sokhna\u2019s USD 7.5 bn petchem complex - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bechtel inks two agreements for Ain Sokhna\u2019s USD 7.5 bn petchem complex\" \/>\n<meta property=\"og:description\" content=\"Bechtel will design Africa\u2019s largest petchem complex: US construction giant Bechtel will lead the design and construction of the USD 7.5 bn petchem complex being built by the Red Sea National Refining and Petrochemicals Company in the Ain Sokhna industrial zone under two agreements signed with the Oil Ministry over the weekend, the ministry said […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-11T04:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/94.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bechtel inks two agreements for Ain Sokhna\u2019s USD 7.5 bn petchem complex\",\"datePublished\":\"2021-07-11T04:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/\"},\"wordCount\":255,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/94.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bechtel\",\"Egyptian Petrochemical Holding Company\",\"Enppi\",\"EnterpriseAM\",\"infrastructure\"],\"articleSection\":[\"Infrastructure\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/bechtel-inks-two-agreements-for-ain-sokhnas-usd-7-5-bn-petchem-complex\/\",\"name\":\"Bechtel inks two agreements for Ain Sokhna\u2019s USD 7.5 bn petchem complex - 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The company will produce a range of petrochemical products and natural gas derivatives, including propylene and polypropylene, and will look to gradually increase the number\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/27.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569063,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/","url_meta":{"origin":563619,"position":1},"title":"Bechtel, ECHEM ink USD 6.7 bn petrochem agreement","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemical plant and refinery in the Suez Canal Economic Zone, according to an official statement (pdf). The agreement, signed on\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/163.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649125,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/carbon-holdings-awards-bechtel-two-petchem-projects-contracts\/","url_meta":{"origin":563619,"position":2},"title":"Carbon Holdings awards Bechtel two petchem projects contracts","author":"enterpriseam admin","date":"23 April 2017","format":false,"excerpt":"Carbon Holdings awarded Bechtel two petrochemicals projects contracts in Egypt, Bechtel announced. The first contract is one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna and the other is to build two new polypropylene units at an adjacent site. \u201cIn its project management role, Bechtel\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557427,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/nbe-ikarus-to-invest-usd-150-mn-in-petrochemicals\/","url_meta":{"origin":563619,"position":3},"title":"NBE, Ikarus to invest USD 150 mn in petrochemicals","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"Kuwaiti energy investor Ikarus Petroleum Industries will invest around USD 150 mn in the Egyptian petchem sector alongside the National Bank of Egypt (NBE), according to a joint statement (pdf) last week. NBE\u2019s investment arm Al Ahly Capital will act as the JV\u2019s direct investment manager, according to the terms\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569299,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/your-top-infrastructure-stories-of-the-week-4\/","url_meta":{"origin":563619,"position":4},"title":"Your top infrastructure stories of the week","author":"enterpriseam admin","date":"19 February 2020","format":false,"excerpt":"Your top stories for infrastructure this week are: ECHEM signed an agreement with US construction giant Bechtel to set up a USD 6.7 bn petrochemicals and refinery complex in the Suez Canal Economic Zone.Enppi, Petrojet, Technip and ANOPC signed a USD 2.5 bn agreement to establish a mazut hydrocracking facility\u2026","rel":"","context":"In \"African Development Bank\"","block_context":{"text":"African Development Bank","link":"https:\/\/enterpriseam.com\/egypt\/tag\/african-development-bank\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562054,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/is-egypt-going-to-build-two-massive-petrochem-complexes-in-ain-sokhna\/","url_meta":{"origin":563619,"position":5},"title":"Is Egypt going to build two massive petrochem complexes in Ain Sokhna?","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"Ain Sokhna could be getting (another) huge USD 7.5 bn petchem complex: The Suez Canal Economic Zone has signed a USD 7.5 bn agreement with the Red Sea National Refining and Petrochemicals Company to build a petrochemical complex in the Ain Sokhna industrial zone, cabinet said in a statement out\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=563619"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563619\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/563620"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563619"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563619"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}