{"id":588390,"date":"2023-06-11T00:00:00","date_gmt":"2023-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/"},"modified":"2023-06-11T00:00:00","modified_gmt":"2023-06-11T00:00:00","slug":"anchorage-investments-signs-with-sczone-for-massive-petrochems-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/","title":{"rendered":"Anchorage Investments signs with SCZone for massive petrochems complex"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">PETROCHEMS- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Anchorage Investments signs MoU for petchem complex: <\/span><span style=\"\">Anchorage Investments <\/span><span>has signed an MoU with the Suez Canal Economic Zone (SCZone) for its proposed USD 2.5 bn petrochemical complex, the Suez Canal Authority said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0wiV36SkokyVCZC5MguBuPBRAt6v1GinPGcWoEppmAYMCwUcq5tdJEU7ZecMmpQRal\" style=\"\">a statement<\/a><\/span><span style=\"font-weight:400;\"> Thursday. The statement did not disclose any details of the agreement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span> The company, which has been planning the facility <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b234b47d-4c67-4ac4-8740-29a7de38916f\" style=\"\">since 2021<\/a><\/span><span>, received a boost <\/span><span>last month when the government indicated that it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47413417-b184-4c5b-9675-832759b90a72\" style=\"\">could hand it a golden license<\/a><\/span><span style=\"font-weight:400;\">, allowing it to expedite the approvals process and get the project off the ground. The facility will produce a range of petrochemical products and natural gas derivatives, some of which will be exported to overseas markets.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DEBT-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EGPC subsidiary wants a big loan to buy petroleum products:<\/span><span style=\"\"> Co-operation <\/span><span>Petroleum Company (Copetrol) wants to secure an EGP 10 bn syndicated loan led by Banque Misr and the National Bank of Egypt (NBE) to finance urgent purchases of petroleum products  for its parent company, the Egyptian General Petroleum Company (EGPC), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3NoOSMd\" style=\"\">Asharq Business<\/a><\/span><span style=\"font-weight:400;\"> reports, citing two unnamed sources its says are in the know. The loan matures in ten years, one of the sources added. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Copetrol is a major fuel distributor and marketer:<\/span><span style=\"font-weight:400;\"> The company has a 31% market share for major petroleum products and 20% for oils, according to Asharq.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt + Jordan strengthen natgas cooperation:<\/span><span style=\"\"> Egypt and Jordan have signed<\/span><span>natural gas cooperation agreements aimed at making it easier and cheaper for Egyptian gas to reach Jordan, the Oil Ministry said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02bVEp9xjprLLht6cHBifLqJua6YHsjndT36YBVzdJtfodEdTXYKE9sSt3Dz9fBjJfl\" style=\"\">a statement<\/a><\/span><span> yesterday. Under the first pact, the two countries will<\/span><span> work to increase flows of Egyptian <\/span><span>gas through the Arab Gas Pipeline \u2014 which links Egypt with Jordan, Syria and Lebanon <\/span><span style=\"font-size:10.5pt;\">\u2014 <\/span><span style=\"font-weight:400;\">to feed industrial zones in the kingdom. The second agreement will see Egypt and Jordan reduce operational costs of LNG shipments by jointly using the floating LNG terminal at Jordan\u2019s southern port of Aqaba. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plenty of oil and gas news<\/p>\n","protected":false},"author":1,"featured_media":588391,"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":[7209],"tags":[111,1328,10673,557,72,7196,7111,91,705,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-588390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-anchorage-investments","tag-co-operation-petroleum-company","tag-egyptian-general-petroleum-corporation","tag-enterpriseam","tag-industry","tag-infrastructure","tag-oil-and-gas","tag-petrochemicals","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"a37a7288-8377-4f61-b169-c439aa7ddcbc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/507.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Anchorage Investments signs for USD 2.5 bn petrochems complex with SCZone. PLUS: EGPC subsidiary seeks EGP 10 bn loan + Egypt, Jordan cooperate on natgas","related_issue":[588360],"teaser":"Plenty of oil and gas news","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.8ed75f10-9191-43fe-9e94-bda75c09099e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Anchorage Investments signs with SCZone for massive petrochems 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\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anchorage Investments signs with SCZone for massive petrochems complex\" \/>\n<meta property=\"og:description\" content=\"Plenty of oil and gas news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/507.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Anchorage Investments signs with SCZone for massive petrochems complex\",\"datePublished\":\"2023-06-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/\"},\"wordCount\":317,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/507.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Anchorage Investments\",\"Co-operation Petroleum Company\",\"Egyptian General Petroleum Corporation\",\"EnterpriseAM\",\"industry\",\"infrastructure\",\"oil and gas\",\"petrochemicals\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/\",\"name\":\"Anchorage Investments signs with SCZone for massive petrochems 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 &quot;Investment Watch&quot;","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":548858,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/four-global-firms-in-the-running-to-build-anchorages-usd-2-bn-petchem-complex\/","url_meta":{"origin":588390,"position":1},"title":"Four global firms in the running to build Anchorage\u2019s USD 2 bn petchem complex","author":"enterpriseam admin","date":"24 August 2022","format":false,"excerpt":"Anchorage Investments has shortlisted four international firms to build its USD 2 bn petrochemical complex in the Suez Canal Economic Zone (SCZone), according to a company statement (pdf). Hyundai Engineering and Construction, Samsung Engineering, Technip Energies, and Technicas Reunidas made the final round of the tender launched in mid-March for\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":674097,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/23\/anchorage-recommits-to-sokhna-petrochemical-complex-with-increased-price-tag-of-usd-6-5-bn\/","url_meta":{"origin":588390,"position":2},"title":"Anchorage recommits to Sokhna petrochemical complex with increased price tag of USD 6.5 bn","author":"enterpriseam admin","date":"23 October 2025","format":false,"excerpt":"The complex will produce polypropylene, hydrogen, and other petrochemicals","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586637,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/15\/scatec-to-partner-on-usd-450-mn-green-methanol-plant-plus-infrastructure-postponed-corn-trading-helpoo-stake-sale-evonik\/","url_meta":{"origin":588390,"position":3},"title":"Scatec to partner on USD 450 mn green methanol plant. PLUS: infrastructure postponed, corn trading, Helpoo stake sale, Evonik","author":"enterpriseam admin","date":"15 May 2023","format":false,"excerpt":"Scatec has become a key player in Egypt\u2019s green energy industry","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/803.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554099,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/wheat-could-get-pricier-as-russia-mulls-higher-export-tariffs\/","url_meta":{"origin":588390,"position":4},"title":"Wheat could get pricier as Russia mulls higher export tariffs","author":"enterpriseam admin","date":"20 December 2021","format":false,"excerpt":"Brace yourself for pricier wheat as Russia mulls raising export tariffs on the grain: Russia, the world\u2019s largest wheat exporter, is considering imposing higher export tariffs if wheat prices reach USD 375 \/ ton, with a bigger hike proposed if prices reach USD 400 \/ ton, according to a government\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544535,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/ebrd-to-double-down-on-sczone-digitization-support\/","url_meta":{"origin":588390,"position":5},"title":"EBRD to double down on SCZone digitization support","author":"enterpriseam admin","date":"8 March 2022","format":false,"excerpt":"EBRD to offer more support for SCZone\u2019s digital transformation: The European Bank for Reconstruction and Development (EBRD) signed an agreement on Saturday to extend its assistance for the digitalization of the Suez Canal Economic Zone, the bank said in a statement yesterday. The lender has already completed the first phase\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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\/588390","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=588390"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588390\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/588360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/588391"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=588390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=588390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=588390"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=588390"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=588390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}