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RE: Citadel Capital Announces $2.68B Debt Package for New Egypt Coking Refinery

Home Forums Coking News: DCU, Upgrader 1.Coker (registered users only) Citadel Capital Announces $2.68B Debt Package for New Egypt Coking Refinery RE: Citadel Capital Announces $2.68B Debt Package for New Egypt Coking Refinery

#5511

Charles Randall
Participant

Claus,
Yes that is right COP does have the Coker license for the existing MIDOR refinery (Middle East Oil Refinery) coker in Alexandria that was completed 2001 (~23MBD charge) and not shown in COP license table you linked to but one of the 2009 unannounced cokers is for the expansion of that coker that completes in ~3Q 2010 (see my news post for 2/06/2009).
Prior to the news alert all my info was confidential in nature until the Feb 2009 news article.
 
But dont confuse that with this new coker ERC/Cario Petroleum in Mostorod that won’t be completed until ~2014. The only connection here might be that because COP already has a coker on the ground in the country that it might get slight inside edge on this new one.
 
Hope this clears it up. BTY – both Conoco & Foster Wheeler tables for coker additions are good for tracking but they lag the maket info on these projects by substantial length of time (or carry unannounced/untitled name for the addition as in MIDOR case & this ERC coker which will be ~2010+ license I suspect). 
 
Regards

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