Egypt Raises Refinery Upgrade Investment Target by 30% to $5.2 Billion, Seeking Private Capital

Egypt’s investment target for refinery facilities under the state-owned Egyptian General Petroleum Corporation (EGPC) has reportedly been raised by 30% to a total of $5.2 billion. Of this, $2.1 billion is said to be earmarked for converting fuel oil production units into higher-value product units such as diesel, gasoline, and naphtha. The expanded investment is […]

Chinese Consortium Holds Kick-Off Meeting for Vietnam’s Dung Quat Refinery Upgrade EPC

The EPC (Engineering, Procurement and Construction) contract for the upgrade and expansion of Vietnam’s Dung Quat refinery has reportedly moved into full execution following a kick-off meeting. The project owner is Binh Son Refining and Petrochemical Corp. (BSR), and construction is being carried out by a consortium of China’s China Chengda Engineering and Beijing Petrochemical […]

Yanchang Petroleum Advances RMB80.29 Billion Refining-Petrochemical Transformation Project in Yan’an, Shaanxi

Shaanxi Yanchang Petroleum (Group) Co. is progressing a RMB80.29 billion integrated refining-petrochemical transformation and upgrading project in Yan’an, Shaanxi Province, with supporting infrastructure — including a crude oil storage facility and a pipeline — now completed in stages, it is reported. It is reported that the project spans the Luochuan Industrial Park and the Yangshu […]