TechnipFMC wins $1bn EPC contract for Egypt refinery
CAIRO, July 8, 2020
TechnipFMC, a global leader in energy projects, has secured a major engineering, procurement, and construction (EPC) contract worth over $1 billion from Assiut National Oil Processing Company for a new hydrocracking complex at its refinery in Egypt.
This EPC contract covers new process units such as a vacuum distillation unit, a diesel hydrocracking unit, a delayed coker unit, a distillate hydrotreating unit as well as a hydrogen production facility unit using TechnipFMC’s steam reforming proprietary technology, said the statement from TechnipFMC.
The project also includes other process units, interconnecting, offsites and utilities.
The complex will transform lower-value petroleum products from Assiut Oil Refining Company’s nearby refinery into 2.8 million tonnes per year of cleaner products, such as Euro 5 diesel, it stated.
Technip Energies' President Catherine MacGregor said: "This award demonstrates TechnipFMC’s long-standing relationship with the Egyptian petroleum sector and strengthens our expertise in the delivery of complex projects in the country."
"It comes after successful execution of the Feed contract, reflecting our selective approach and the importance of being involved at a very early stage of any development," observed MacGregor.
"Assiut is considered one of the major strategic projects needed to meet growing local demand for cleaner products, and we are extremely honored to have been selected by ANOPC to contribute to the largest refining project to be implemented in Upper Egypt," he added.-TradeArabia News Service
