{"id":603519,"date":"2019-04-24T04:00:19","date_gmt":"2019-04-24T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/"},"modified":"2019-04-24T04:00:19","modified_gmt":"2019-04-24T04:00:19","slug":"asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/","title":{"rendered":"ASORC building USD 450 mn facility to produce high octane fuels"},"content":{"rendered":"<p>State-owned Assiut Oil Refining Company (ASORC) is building a USD 450 mn facility to produce high octane fuels with a total capacity of 660k tonnes a year, <a href=\"https:\/\/www.alborsaanews.com\/2019\/04\/23\/1199004\">ASORC head Mahmoud El Shaboury said<\/a>. El Shaboury didn\u2019t specify a time, but added that the project is currently 40% complete. Assiut National Oil Processing Company \u2014 a company founded last year by ASORC, the EGPC and other government-affiliated entities \u2014 is <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/14\/anopc-signs-contracts-to-develop-usd-1-9-bn-fuel-refinery-in-assiut\/\">also gearing up<\/a> to break ground on a USD 1.9 bn hydrocracking facility, but is still in the early design and <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/18\/asorc-in-talks-with-local-gulf-banks-for-usd-500-mn-loan-in-financing-for-refinery\/\">financing phase<\/a>. We noted <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/21\/egypt-studying-improving-80-octane-gasoline-in-2h2019\/\">earlier this year<\/a> that the Oil Ministry is working to improve the quality of produced fuels, which will see the government spend <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla-2\/\">USD 9 bn on upgrading<\/a> refineries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Assiut Oil Refining Company (ASORC) is building a USD 450 mn facility to produce high octane fuels with a total capacity of 660k tonnes a year, ASORC head Mahmoud El Shaboury said. El Shaboury didn\u2019t specify a time, but added that the project is currently 40% complete. Assiut National Oil Processing Company \u2014 a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7207],"tags":[93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603519","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"7cead1f1-f67d-4f5e-ae61-e234208f5804","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[603497],"teaser":"","voice_url":""},"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>ASORC building USD 450 mn facility to produce high octane fuels - 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\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASORC building USD 450 mn facility to produce high octane fuels\" \/>\n<meta property=\"og:description\" content=\"State-owned Assiut Oil Refining Company (ASORC) is building a USD 450 mn facility to produce high octane fuels with a total capacity of 660k tonnes a year, ASORC head Mahmoud El Shaboury said. El Shaboury didn\u2019t specify a time, but added that the project is currently 40% complete. Assiut National Oil Processing Company \u2014 a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-24T04:00:19+00:00\" \/>\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\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ASORC building USD 450 mn facility to produce high octane fuels\",\"datePublished\":\"2019-04-24T04:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil and gas\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/\",\"name\":\"ASORC building USD 450 mn facility to produce high octane fuels - 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The loan \u2014 arranged by the National Bank of Egypt (NBE) \u2014 will contribute to building\u2026","rel":"","context":"In &quot;Energy&quot;","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":621759,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/asorc-in-talks-with-local-gulf-banks-for-usd-500-mn-loan-in-financing-for-refinery\/","url_meta":{"origin":603519,"position":1},"title":"ASORC in talks with local, Gulf banks for USD 500 mn loan in financing for refinery","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"The Assiut Oil Refining Company (ASORC) is in talks with local and Gulf banks for a USD 500 mn loan as part of the financing package for its USD 1.9 bn hydrocracking facility, unnamed banking sources said, according to Al Shorouk. ANOPC had previously approached the National Bank of Egypt,\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622666,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/asorc-hires-worleyparsons-as-project-manager-for-its-mazut-hydrocracking-project\/","url_meta":{"origin":603519,"position":2},"title":"ASORC hires WorleyParsons as project manager for its mazut hydrocracking project","author":"enterpriseam admin","date":"9 October 2018","format":false,"excerpt":"The state-owned Assiut Oil Refining Company (ASORC) signed a four-year agreement with Australia-based engineering services company WorleyParsons for management consultancy on ASORC\u2019s USD 1.6 bn mazut hydrocracking facility in Upper Egypt, according to the Oil & Gas Journal. WorleyParsons will handle the project\u2019s basic engineering phase, open-book estimate, detailed design,\u2026","rel":"","context":"In &quot;Energy&quot;","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":622973,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/anopc-seeks-egp-1-2-bn-in-financing-for-refinery\/","url_meta":{"origin":603519,"position":3},"title":"ANOPC seeks EGP 1.2 bn in financing for refinery","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Assiut National Oil Processing Company (ANOPC) is in talks with local banks for a EGP 1.2 bn loan as part of the financing package for a USD 1.9 bn hydrocracking facility being built by subsidiary Assiut Oil Refining Company (ASORC), sources told Al Mal. ANOPC has approached the National Bank\u2026","rel":"","context":"In &quot;Energy&quot;","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":651224,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/new-project-to-produce-400k-tonnes-of-butane-oil-ministry\/","url_meta":{"origin":603519,"position":4},"title":"New project to produce 400k tonnes of butane -Oil Ministry","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"The Assiut Oil Refining Company (ASORC) is building a new EGP 187 mn project to produce butane at an annual rate of 400k tonnes, Oil Minister Tarek El Molla told Al Shorouk. The project will double ASORC\u2019s daily production from 60 tonnes to 120 tonnes, said Chairman Nagy Kassab, which\u2026","rel":"","context":"In &quot;Energy&quot;","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":600166,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypt-studying-improving-80-octane-gasoline-in-2h2019\/","url_meta":{"origin":603519,"position":5},"title":"Egypt studying improving 80 octane gasoline in 2H2019","author":"enterpriseam admin","date":"21 January 2019","format":false,"excerpt":"The Oil Ministry expects to complete in 2H2019 a study to swap out 80-octane fuel to 87-octane grade, a ministry official tells Al Mal. No further details were provided on the study, which comes as part of a wider national strategy to upgrade refineries nationwide to improve the quality of\u2026","rel":"","context":"In &quot;Energy&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603519","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=603519"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603519\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603519"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603519"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}