• Monday, 12 December 2022

    ECHEM gets new chairman

    Ibrahim Mahgoub was appointed chairman of the Egyptian Petrochemicals Holding Company (ECHEM) effective 13 December, the Oil Ministry said yesterday. Mahgoub succeeds Saad Helal who has retired. Mahgoub was formerly the chairman and managing director of the state-owned Misr Fertilizers...
  • Wednesday, 18 May 2022

    Egypt inks agreement with Emirati company to produce biofuel

    Egypt to partner with Emirati company to produce biofuels: State-owned Egyptian Petrochemicals Holding Company (ECHEM) signed an agreement with the UAE’s Rega Energy to produce algae oil, the Oil Ministry announced in a statement yesterday, without disclosing the details of...
  • Thursday, 5 March 2020

    Egypt’s ECHEM planning EGP 1 bn sukuk issuance

    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’ ongoing projects, Al Shorouk reported, citing company sources. The issuance would make...
  • Wednesday, 19 February 2020

    Your top infrastructure stories of the week

    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...
  • Thursday, 13 February 2020

    Egypt signs several oil and gas agreements, mulls even more

    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...
  • Wednesday, 24 October 2018

    Ethydco, SIDPEC and ECHEM acquire 100% stake of CCI for USD 15 mn

    M&A WATCH- Three state-owned companies close USD 15 mn buyout of CCI: State-owned companies Egyptian Ethylene and Derivatives Company (Ethydco), Sidi Kerir Petrochemicals Company (SIDPEC) and the Egyptian Petrochemical Holding Company (ECHEM) have closed a USD 15 mn acquisition of...

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