Newsletter subscribe
Tag: MIDOR
Midor

Suez Canal Bank completes sale of its $30.6 mn stake in Midor to EGPC

Posted: June 2, 2020 at 8:47 pm   /   Oil & Gas

The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East Oil Refinery (Midor) to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy. The bank had agreed last month to sell its 1.27% stake […]

No Comments read more
Midor

Egyptian refiner Midor issues tender to sell 30,000 tonne gasoil cargo

Posted: April 15, 2020 at 2:36 pm   /   Oil & Gas

Egyptian refiner Midor has issued a tender to sell a cargo of gasoil with 0.1% sulphur content in May, according to a document seen by Reuters on Tuesday. The tender is for one 30,000 tonne cargo for loading at the Dekheila port of Alexandria between May 1 to 3. Bids are to be submitted by […]

No Comments read more
Midor

Work proceeds on Egypt’s Midor refinery expansion – TechnipFMC

Posted: March 7, 2019 at 3:17 pm   /   Oil & Gas

TechnipFMC PLC has completed remaining conditions required to enable work to begin on an earlier awarded contract let by the Egyptian government for delivery of engineering, procurement, and construction services related to the modernization and expansion of state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, near Alexandria, Egypt. Valued […]

No Comments read more
TechnipFMC

TechnipFMC provides details on MIDOR refinery expansion contract

Posted: November 3, 2018 at 1:16 pm   /   Oil & Gas

TechnipFMC PLC has confirmed details of its scope of work on an earlier awarded let by the Egyptian government for implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt. As part of the more than $1-billion contract, TechnipFMC will provide engineering, procurement, and […]

No Comments read more
Midor

Afreximbank provides $200 million loan to finance MIDOR expansion plans

Posted: August 7, 2018 at 3:21 pm   /   Oil & Gas

The EGPC received a USD 200 million loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR’s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted as financial adviser for the […]

No Comments read more
Technip

MIDOR, Technip sign $1.7 billion contract for refinery expansion

Posted: June 10, 2018 at 3:11 pm   /   Oil & Gas

The project aims at increasing petroleum products, in addition to raising the refinery’s capacity to 175,000 barrels per day. Middle East Oil Refinery (MIDOR) and France-based Technip Company have signed a contract for refinery project expansion. The contract was inked by MIDOR chairman Mohamed Abdel Aziz and Marco Villa, president of Technip’s for EMIA Region, […]

1 Comment read more

Aramco likely to begin refining fuel in Egypt in 1Q2018 – officials

Posted: November 27, 2017 at 1:17 pm   /   Oil & Gas

Saudi Aramco is likely to begin refining crude oil in Egyptian refineries in 1Q2018, an official from the Oil Ministry tells Al Shorouk, initially at the Middle East Oil Refinery (MIDOR). Egypt will receive the 700k tons of fuel per month from Aramco — under the existing five-year fuel supply agreement — for MIDOR’s refineries, […]

No Comments read more

MIDOR to receive $1.2 billion loan from Crédit Agricole, BNP Paribas, CDP

Posted: October 3, 2017 at 2:08 pm   /   Oil & Gas

The Middle East Oil Refinery (MIDOR) is set to receive a USD 1.2 billion loan in 1Q2018 from a banking consortium composed of Crédit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti, an unnamed Oil Ministry official tells Al Shorouk. MIDOR had reached a preliminary agreement with the banks last year. The loan […]

No Comments read more

Petroleum Minister looks into MIDOR refinery expansion with Technip

Posted: October 1, 2017 at 1:35 pm   /   Oil & Gas

Minister of Petroleum Tarek El Molla and Marco Villa, Chairperson of Technip, the Italian project management and construction company, looked into the expansions of the Middle East Oil Refinery (MIDOR) and the project to establish a new complex for fuel oil hydrogenic cracking in the Assiut Petroleum Refinery (ASORC), according to a report issued by […]

No Comments read more
Crude

Egypt received half of contracted Iraqi crude oil shipments – source

Posted: July 30, 2017 at 4:15 pm   /   Oil & Gas

Egypt has so far received half of its contracted 12 mn bbl of Iraqi crude oil scheduled for delivery in 2017, a source tells Al Mal. The latest shipment is the third since May. Refiner MIDOR received 50% of the total oil delivered, while AMOC got 14%. A portion of the refined product is re-exported […]

No Comments read more