The Gaza Post|The News of Palestine-Europe
The European Bank for Reconstruction and Development (EBRD) is planning a USD 200 mn loan to the Suez Oil Processing Company (SOPC) to finance a package of energy efficiency investments and other refurbishments and installations at the Suez refinery.
The loan is classified as a sovereign loan to Egypt and will be brought before the bank’s board for a vote on 28 March.
The Project will focus on the installation of a New Vapour Recovery Unit (VRU), the refurbishment of the old coker unit and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refinery.
Source:Amal El Ghad