Egypt’s Assiut Oil Refining (Asorc), a subsidiary of state oil firm EGPC, has awarded TechnipFMC an engineering, procurement and construction (EPC) contract for a hydrocracking complex to be built alongside Asorc’s simple 4.5mn t/y (90,000 b/d) Assiut refinery in southern Egypt.

Whilst TechnipFMC only says the deal is “major” (above $1bn), work was previously costed at $2.5bn (MEES, 21 February). The award comes after Technip completed front end engineering design for the project. (CONTINUED - 316 WORDS)