{"id":569063,"date":"2020-02-12T04:36:10","date_gmt":"2020-02-12T04:36:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/"},"modified":"2020-02-12T04:36:10","modified_gmt":"2020-02-12T04:36:10","slug":"bechtel-echem-ink-usd-6-7-bn-petrochem-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/","title":{"rendered":"Bechtel, ECHEM ink USD 6.7 bn petrochem agreement"},"content":{"rendered":"

<\/a> ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: <\/strong>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)<\/a>. The agreement, signed on the opening day of the Egypt Petroleum Show, will see the US company manage the construction of the complex and secure the funding from international financial institutions. Under the agreement, ECHEM will begin conducting feasibility studies with an international consultancy. Bechtel, Technip and Saipem have already assisted ECHEM in carrying out preliminary studies for the project, the statement said.<\/p>\n

BP signs MoU for youth training in Egypt:<\/strong> Oil Minister Tarek El Molla also signed an MoU with BP to support young workers looking to enter the oil and gas industry by providing training programs and workshops, according to a ministry statement (pdf)<\/a>.<\/p>\n

Schlumberger and BP inked a separate MoU to cooperate on digitizing the companies\u2019 oil and gas exploration and production<\/strong> process in the Mediterranean Sea, a separate statement (pdf) said<\/a>.<\/p>\n

El Sisi meets CEOs on forum\u2019s sidelines: <\/strong>President Abdel Fattah El Sisi lauded all of the three companies\u2019 activity in Egypt in talks with each of BP CEO Bernard Looney<\/a>, Schlumberger CEO Olivier Le Peuch<\/a>, and Bechtel chairman and CEO Brendan Bechtel<\/a>.<\/p>\n

Correction (12\/02\/2020): A previous version of this article incorrectly stated that the Egyptian General Petroleum Corporation (EGPC) had signed the agreement with Bechtel.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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 the opening day of the […]<\/p>\n","protected":false},"author":1,"featured_media":569064,"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":[8572],"tags":[196,919,72,371,4570,2380,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-bp","tag-egyps","tag-enterpriseam","tag-oil-ministry","tag-schlumberger","tag-speed-round","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"be869e27-b84e-46b9-83a1-d2e27bd01784","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/163.jpg","photo_position":"above","related_issue":[569058],"teaser":"","voice_url":""},"yoast_head":"\nBechtel, ECHEM ink USD 6.7 bn petrochem agreement - 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\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bechtel, ECHEM ink USD 6.7 bn petrochem agreement\" \/>\n<meta property=\"og:description\" content=\"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). 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The US construction giant actually signed the agreement with the state-owned Egyptian Petrochemicals Holding Company (ECHEM). The\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\/internal\/536550.png?resize=350%2C200&ssl=1","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":569063,"position":2},"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":569106,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/egypt-signs-several-oil-and-gas-agreements-mulls-even-more\/","url_meta":{"origin":569063,"position":3},"title":"Egypt signs several oil and gas agreements, mulls even more","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"The volume of oil and gas news stepped up a gear yesterday amid a flurry of activity on the second day of the Egypt Petroleum Show (EGYPS). The key takeaways and announcements: ECHEM signs agreement with previously unknown English consortium for USD 8.5 bn Alamein petrochem facility: The Egyptian Petrochemicals\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\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546495,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/egypt-inks-agreement-with-emirati-company-to-produce-biofuel\/","url_meta":{"origin":569063,"position":4},"title":"Egypt inks agreement with Emirati company to produce biofuel","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"Egypt to partner with Emirati company to produce biofuels: State-owned Egyptian Petrochemicals Holding Company (ECHEM) signed an agreement with the UAE\u2019s Rega Energy to produce algae oil, the Oil Ministry announced in a statement yesterday, without disclosing the details of the agreement. Algae oil is a feedstock for bio-jet fuel\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/234.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569745,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/egypts-echem-planning-egp-1-bn-sukuk-issuance\/","url_meta":{"origin":569063,"position":5},"title":"Egypt\u2019s ECHEM planning EGP 1 bn sukuk issuance","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"DEBT WATCH- ECHEM planning EGP 1 bn sukuk issuance: The Egyptian Petrochemicals Holding Company (ECHEM) is considering issuing EGP 1 bn-worth of sukuk to help finance its subsidiaries\u2019 ongoing projects, Al Shorouk reported, citing company sources. The issuance would make ECHEM the first state-owned company to issue sukuk. According to\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569063","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=569063"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569063\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/569064"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569063"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569063"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}