(Cairo, Egypt) – Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, announced on 10 February 2019 that it will participate in and sponsor the 2019 Egypt Petroleum Show (EGYPS), Egypt’s most important oil and gas exhibition and conference.
The conference provides a platform for all stakeholders in the oil and gas sector to convene, build partnerships, gain insights into the wider North African oil and gas sector and discuss solutions and strategies to implement within the industry. Over 20,000 attendees from local and international businesses attended EGYPS. The conference took place from 11-13 February 2019 in Cairo’s Egypt International Exhibition Center.
Carbon Holdings’ Managing Director of Corporate Finance and Investor Relations, Karim Helal, spoke at the Finance and Investment Lunch Briefing, where he covered topics including Egypt’s investment climate and market growth. The panel was joined by Alan Haywood, Chief Executive Officer of Global Energy Trading BP, Tameer Nasser, Chief Financial Officer North Africa of Baker Hughes, A GE Company and Manav Futnani, Regional Head of Exports and Specialist Finance, MENAT HSBC.
On the third day of the conference, Karim Helal and Karim Hefzy, Managing Director of Project Development for Carbon Holdings, co-lead a roundtable discussing the country’s guide to accessing project finance throughout its energy mix and discussed the current IPO market opportunities and challenges.
Carbon Holdings was the lead sponsor of the Finance and Investment Lunch Briefing, with government representatives, NOCs, IOCs, local operators, local and international banks and private equity firms were in attendance.
Carbon Holdings is committed to Egypt and our participation in the EGYPS is part of Carbon’s vision of being a key part of the petrochemical industry’s future, driving employment upwards and transforming Egypt’s economy.
Tel: +20 (0)2 3344 4774
Nick Lyon / Bertie Berger
Tel +44 (0) 207 796 4133
About Carbon Holdings:
Carbon Holdings is a privately owned midstream and downstream petrochemical and process industrial plant company and is the principal shareholder and sponsor of several projects in the industrial zone in the Northwest Gulf of Suez, Egypt. Established in 2008 by Chairman and Chief Executive Officer Basil El-Baz, Carbon Holdings is a leader in the development and operation of petrochemical manufacturing projects in Egypt. Its portfolio includes Oriental Petrochemicals Company (OPC), a top producer of polypropylene, and Egypt Hydrocarbon Corporation (EHC), the only producer of nitric acid and low-grade ammonium nitrate in the Middle East and Africa. The company is also establishing the Tahrir Petrochemical Complex with an investment of circa US$11 billion, which will be located in Suez Economic Zone.
About the conference:
Egypt Petroleum Show (EGYPS) is North Africa and the Mediterranean’s most important oil and gas exhibition and conference held under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt. It provides a forum for oil and gas professionals to engage in dialogue, create partnerships, do business and identify solutions and strategies that will shape the industry for future years. This year’s conference will attract 20,000 attendees and 400 exhibiting companies.
This communication contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of such words and phrases as “according to estimates”, “aims”, “anticipates”, “assumes”, “believes”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “is of the opinion”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “to the knowledge of”, “will”, “would” or, in each case their negatives or other similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements containing information on future financial results, plans, or expectations regarding business and management, future growth or profitability and general economic and regulatory conditions and other matters affecting the Company.
Forward-looking statements reflect the current views of the Company’s management (“Management”) on future events, which are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause the Company’s actual financial condition and results of operations to differ materially from, or fail to meet expectations expressed or implied by, such forward-looking statements.
The Company’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained herein. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.