AOT TRADING AG – NAPHTHA SUPPLY AGREEMENT TO EGYPT
Carbon Holdings’ development of the Tahrir Petrochemicals Project located in Ain Sokhna on the Red Sea will be the largest petrochemicals project in Egypt and the largest single train naphtha cracker in the world. The location of the Project presents an important strategic opportunity for Egypt, enabling it to meet the growing domestic, regional and global demand for intermediate petrochemicals.
AOT Trading AG, a member of the AOT Energy Group, is enthusiastic and delighted to work alongside Carbon Holdings in bringing to fruition a project of such national importance for Egypt. AOT Energy has substantial global activity marketing gasolines, light ends and naphtha. The Tahrir supply agreement further strengthens our presence in the naphtha market and will benefit from our optimum sourcing of naphtha in the Arabian Gulf, Red Sea and Mediterranean.
We express our gratitude to Carbon Holdings’ Chairman and CEO Basil El Baz, Chief Commercial Officer Charles J. Garfinkel and their teams for their trust and cooperation and we congratulate them on reaching this significant milestone.
ABOUT THE AOT ENERGY GROUP
The AOT Energy Group is a global energy trading company with our origins dating back to 1947, when the Belgian entrepreneur, Mr. Albert Frère, founded Transcometal to service the steel industry. Our company’s headquarters and group management are based in Zug, Switzerland.
AOT Energy continues to be a significant player in the global oil and gas markets with multi-billion-dollar revenues combined with significant operations including production, transportation and storage assets.
Baron Albert Frère and his family continue to be the controlling shareholders of the group.
Our business is conducted from offices in Asia, Europe, Africa, and North America, where our specialized personnel handle all marketing and trading aspects from origination, transport, storage, and blending to risk management, finance, and marketing.
AOT Energy’s business culture is based on a strict code of ethics and high degree of responsibility. We believe in equitable partnerships and have developed numerous long-standing relationships within the energy industry.
With our strong values and our exemplary track record, we are the partner of choice for large refiners, retailers, petrochemical manufacturers, and government organizations.
For any further questions please contact:
Head of Corporate Affairs