Technip FMC prepares to start work on the Assiut hydrocracking complex in Egypt
11/30/2020
TechnipFMC of London recently announced that it has successfully completed all conditions required for the company to begin work on its Engineering, Procurement, and Construction (EPC) contract with the Assiut National Oil Processing Company (ANOPC)’s new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract was signed in July and is considered by Technip to be a major contract worth over $1 billion USD. The exact value was not announced. The Assiut Hydrocracking Complex (AHC) is designed to process lower value petroleum products from the Assiut refinery in an eventual 2.8 million tons per year of cleaner products such as Euro 5 diesel. This EPC contract includes the con