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Tag: MIDOR
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 […]

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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 […]

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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 […]

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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, […]

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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, […]

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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 […]

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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 […]

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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 […]

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LNG

Emirati Fleet Energy granted approval to import LNG from Egypt

Posted: July 4, 2017 at 2:59 pm   /   Oil & Gas

UAE’s Fleet Energy Inc. has been granted approval to import liquefied natural gas (LNG) from Egypt. The Egyptian National Gas Holding Company (EGAS) has granted the Emarati company initial approval in response to a request submitted late April 2017, the company informed Egypt Oil & Gas. The quantity to be imported and value of the […]

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MIDOR

MIDOR seeks $1.2 billion facility to fund expansion plans

Posted: June 15, 2017 at 5:37 pm   /   Oil & Gas

Middle East Oil Refinery (MIDOR) renewed its request for a USD 1.2 bn loan from a banking consortium including Italian bank Cassa Depositi e Prestiti (CDP), BNP Paribas and Crédit Agricole, a source tells Al Mal. The loan is set to finance expansion plans for its refineries, as it wants to bring its refining capacity […]

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