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Rana Mamdouh
Sidi Kerir Petrochemicals Company today announced the holding of a meeting of the Board of Directors on July 25, 2019 to compete with the National Bank of Kuwait – Kuwait as a financial advisor for the project financing project for propylene and polypropylene.
The company must also discuss some of the actions that would lead to normal operational work, the company said in a statement to the stock market today.
The company is implementing a propylene production project with a production capacity of 450 tonnes per year, for an estimated investment cost of $ 1.2 billion.
In February, he reported that UOP, the license holder of the propylene plant project, had received the basic technical and technical plans.
Sidi Kerir added that the call for tenders for the selection of the general contractor on the number of 5 international companies for the implementation of 500 project turnkey system design card 000 tons / year.
The company said it should receive technical and financial offers by the end of April 2019.
Sidi Kerir Petrochemical Company recorded a net profit of 193 million pounds between the beginning of January and the end of March 2019, compared with 283 million pounds at the same period last year.
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