April 2, 2018

Riad & Riad advises GS Engineering & Construction Corporation on the finance restructure of Egypt’s largest oil refinery project in Mostorod

Riad & Riad advised GS Engineering & Construction Corporation ("GS") as local counsel with the international law firm DLA Piper on the settlement with ERC on a finance restructuring of the project in a value of USD 500 million.
GS is a leading South Korean company specialized in the construction of large scale industrial and oil and gas work.
GS and Mitsui & Co. of Japan as a consortium are awarded the engineering, procurement and construction (EPC) contract on a lump-sum turnkey basis for the construction of Egypt’s largest oil refinery project developed by the Egyptian Refining Company – Takrir (ERC).
The project is a greenfield refinery with investment cost of more than USD 4 billion and is expected to produce 2.25 million tons of diesel, 80,000 tons of butane gas and 600,000 tons of jet fuel.

Authors
No items found

Get in Touch

Related posts

No items found