{"id":643110,"date":"2017-08-30T03:38:07","date_gmt":"2017-08-30T03:38:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/"},"modified":"2017-08-30T03:38:07","modified_gmt":"2017-08-30T03:38:07","slug":"amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/","title":{"rendered":"AMOC studying investing USD 500 mn on fuel oil refining complex"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>INVESTMENT WATCH- State-owned Alexandria Mineral Oils Company (AMOC) is <\/strong><strong>considering spending USD 500 mn on a fuel oil refining project<\/strong>, chairman Amr Mostafa <a href=\"http:\/\/www.almalnews.com\/Story\/344382\/11\/%D8%A3%D9%85%D9%88%D9%83-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%AA%D9%83%D8%B1%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D8%B2%D9%88%D8%AA-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">tells Al Mal<\/a>. Technical studies are being drafted and are expected to be completed before year-end. The company is also issuing a tender for the development of a USD 50 mn fuel oil production unit in September. The unit should be completed end of 2019 and will be funded by a capital increase and USD-denominated export receipts. Separately, Mostafa expects trading in the company\u2019s global depository receipts (GDRs) to begin within two months. Al Ahly Capital is <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/20\/al-ahly-capital-to-convert-39-5-of-its-shares-in-amoc-to-gdrs-on-lse\/\">converting 39.5% of its shares in AMOC<\/a> \u2014 the equivalent of 10% of the company \u2014 to GDRs on the London Stock Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- State-owned Alexandria Mineral Oils Company (AMOC) is considering spending USD 500 mn on a fuel oil refining project, chairman Amr Mostafa tells Al Mal. Technical studies are being drafted and are expected to be completed before year-end. The company is also issuing a tender for the development of a USD 50 mn fuel [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643110","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2fad1026-b8dd-4054-beb8-3bae24575973","order":"0","is_powered_by":true,"section_story_id":"7a00a262-4125-497a-8305-f70296c493a0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[643103],"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>AMOC studying investing USD 500 mn on fuel oil refining 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\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMOC studying investing USD 500 mn on fuel oil refining complex\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- State-owned Alexandria Mineral Oils Company (AMOC) is considering spending USD 500 mn on a fuel oil refining project, chairman Amr Mostafa tells Al Mal. Technical studies are being drafted and are expected to be completed before year-end. The company is also issuing a tender for the development of a USD 50 mn fuel [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-30T03:38:07+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\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AMOC studying investing USD 500 mn on fuel oil refining complex\",\"datePublished\":\"2017-08-30T03:38:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/\",\"name\":\"AMOC studying investing USD 500 mn on fuel oil refining complex - 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The upgrades will increase production standards and capacity, as well as reduce production costs, AMOC Chairman Amr Mostafa said.","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":622075,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/uss-chevron-and-frances-axens-show-interest-in-amoc-refinery-project\/","url_meta":{"origin":643110,"position":2},"title":"US\u2019s Chevron and France\u2019s Axens show interest in AMOC refinery project","author":"enterpriseam admin","date":"26 November 2018","format":false,"excerpt":"The US\u2019s Chevron and France\u2019s Axens are bidding to take part in Alexandria Mineral Oils Company\u2019s (AMOC) to upgrade its fuel refinery facility, CEO Amr Mostafa said. The two oil companies will present technical and financial proposals to AMOC by the end of December, said Mostafa, without specifying whether they\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":627296,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/cihc-hopes-to-raise-over-egp-3-bn-from-sale-of-stake-in-eastern-company-abu-qir-fertilizers\/","url_meta":{"origin":643110,"position":3},"title":"CIHC hopes to raise over EGP 3 bn from sale of stake in Eastern Company, Abu Qir Fertilizers","author":"enterpriseam admin","date":"29 July 2018","format":false,"excerpt":"CIHC hopes to raise over EGP 3 bn from sale of stake in Eastern Company, Abu Qir Fertilizers: The Chemical Industries Holding Company (CIHC) is hoping to raise more than EGP 3 bn from the sale of stakes in Eastern Company and Abu Qir Fertilizers on the EGX later this\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":625191,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/anrpc-launches-trial-operations-at-usd-219-mn-fuel-production-unit\/","url_meta":{"origin":643110,"position":4},"title":"ANRPC launches trial operations at USD 219 mn fuel production unit","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"The Alexandria National Refining and Petrochemicals Company (ANRPC) has launched trial operations at its new USD 219 mn octane production unit, according to an Oil Ministry statement (pdf). 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