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Technip, EGPC and ASORC agreement for $1.5B modernization of Egypt’s Assiut Refinery; maximizing diesel

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billion modernization project of the Assiut refinery, Upper Egypt. The investment aims to maximize diesel production, and will introduce the most modern refinery technologies in Upper Egypt, satisfying the growing local demand for petroleum products. In due course, Technip will take responsibility for the EPC phase of the project.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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In the first few months of 2012, Fisker has continued to raise private equity investment to fund its expansion plans, securing $174 million of additional private financing since the start of the year. The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007.

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