Egypt’s $7.5bn Complex Exposes Nigeria’s Failure To Tap $20bn Petrochemical Potential
Jul 26, 2021 ·
19m 30s
Egypt, the North African economic giant’s incoming Red Sea Petrochemicals complex, with total investments worth $7.5 billion will place it on top of countries in the world producing high-quality petrochemicals....
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Egypt, the North African economic giant’s incoming Red Sea Petrochemicals complex, with total investments worth $7.5 billion will place it on top of countries in the world producing high-quality petrochemicals.
The country, which is Africa’s third-largest economy, signed contracts for engineering works with French energy solution giant, Axens Ink, relating to manufacturing licenses of the Red Sea petrochemical complex, a statement sent to Business A.M. by Corinne Garriga, Axens’ head of corporate communications quote the Egyptian ministry of petroleum and mineral
resources.
The incoming petrochemicals plant throws up a huge challenge to Nigeria, Africa’s top oil producer but its only midstream effort in the petrochemicals
The sector is way behind, despite the massive opportunities it has in the sector.
show less
The country, which is Africa’s third-largest economy, signed contracts for engineering works with French energy solution giant, Axens Ink, relating to manufacturing licenses of the Red Sea petrochemical complex, a statement sent to Business A.M. by Corinne Garriga, Axens’ head of corporate communications quote the Egyptian ministry of petroleum and mineral
resources.
The incoming petrochemicals plant throws up a huge challenge to Nigeria, Africa’s top oil producer but its only midstream effort in the petrochemicals
The sector is way behind, despite the massive opportunities it has in the sector.
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