Middle East Economic Survey
VOL. XLVIII
No 45
7-November-2005
EGYPT
Orascom To Lead New Ammonia Plant
Egypts Orascom Construction Industries (OCI) will take a 30% stake in a new $540mn ammonia plant to be built in 'Ain Sukna, the company said on 26 October. The 2,000 tons/day plant will be the largest in Egypt and owned by Egypt Basic Industries Corporation (EBIC). A subsidiary of OCI, Suez Industrial Development Company (SIDC), will manage the facility. Halliburton subsidiary Kellogg Brown &...
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