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Egypt – Tahrir Petrochemical complex progresses

$10.9 billion Tahrir Petrochemical Complex is projected to be a major source of breakbulk demand in the country in the near term, with four separate engineering, procurement, and construction, or EPC contracts expected to commence imminently. Energy developer Carbon Holdings said that technical details are almost finalized for the largest ever petrochemicals project in Egypt, with construction set to begin by year-end. The technical schedules and the details are currently being worked out with EPC contractors. We are hoping to mobilize the EPC contractors, and see them start to execute their packages, before the end of the year, said James Bishop, managing director at Carbon Holdings. Tahrir Petrochemicals Corp. aims to enable significant growth of domestic production across a wide range of manufacturing industries in Egypt through the supply of various feedstocks and raw materials. Once operational, TPC will provide a cost-competitive supply of specialist products to customers in Egypt, Africa, and the rest of the world, a spokesperson for Carbon Holdings said. The firm estimates that the complex will create more than 35,000 direct and indirect jobs, supporting income and stimulating demand in the economy for further economic and social development. The development of the Tahrir complex follows news that Italian oil major Eni had discovered a major new offshore gas discovery in Egypt, with the potential to drive significant breakbulk demand in the region. The firm reported 33 meters of gross sandstone pay with good petrophysical properties and an estimated gas column of 90 meters in the Tineh formation of Oligocene age from its Nour exploration prospect. Privately owned petrochemicals production company Carbon Holdings is headquartered in Cairo, Egypt, with offices in Dubai and Houston. The firm notes that TPC will serve as a catalyst for further downstream petrochemical projects and infrastructure development.


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