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 &...