Egyptian refiner Suez Oil Processing Company (SOPC) is also tapping EBRD for a loan, in this case $50mn for improving operating efficiency and fuel quality of the company’s aging 60,000 b/d nameplate capacity refinery near the southern entrance to the Suez Canal. Throughput has been limited to around 35,000 b/d in recent years by a lack of investment (MEES, 27 September). In a 23 November announcement, EBRD said the funding follows a $200mn loan to SOPC in May 2018. The earlier loan is...
…While Egypt’s SOPC Gets $50mn
Published on Fri, 29 Nov 2019 - Volume: 62 Issue: 48Print
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