Basil El-Baz

Chairman & Chief Executive Officer, Carbon Holdings


Basil El-Baz is the Chairman and CEO of Carbon Holdings, a mid-to-downstream oil and gas development company, with over 20 years’ experience in the petrochemical industry.

Basil El-Baz has developed and financed two major industrial greenfield projects in Egypt;
Egypt Basic Industries Corporation (EBIC) and Egypt Hydrocarbon Corporation (EHC).

In December 2012, Carbon Holdings concluded its US$114 million acquisition of the Egyptian polypropylene producer, Oriental Petrochemicals Company (OPC).

Most importantly, Carbon Holdings is developing the circa US$10.9 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals Corporation (TPC) that is currently in an advanced stage of financing.

Having studied at Harvard University, Basil returned to Egypt with a vision to help transform the African economy; Carbon’s mission is ‘Enriching People’s Lives’.

Basil has been ranked by Institut Choiseul as the 1st in their annual top 100 African business leaders in 2017. He was also awarded Africa Entrepreneur of the Year 2016 awarded at the Africa-France Economic Forum (he is the first Egyptian entrepreneur to receive such an honor) and he has been nominated at the Africa CEO Forum for “Young CEO of the year” for two consecutive years 2017 and 2018.