French banks to finance MIDOR Refinery expansion
Egypt’s oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank and the Italian export development authority, oil minister Tarek El-Molla told Egyptian state news daily Al-Ahram. MIDOR signed in April two deals worth $1.4 […]
Azerbaijan’s SOCAR interested in Egyptian oil refineries stake
Azerbaijan’s state energy firm SOCAR is interested in buying stakes in refineries in Egypt and in participation in the African country’s oil refining sector, SOCAR’s president said. “We would like to widen our activities in Egypt, particularly to buy stakes in refineries there and participate in Egypt’s oil refining,” Rovnag Abdullayev told reporters. SOCAR PresiEdent […]
Egypt finalizes two refinery modernization agreements with Technip
Under two separate agreements, which were signed during a recent visit to Italy by Egyptian government officials, Technip Italy S.p.A. will provide an array of services for modernization projects at Egyptian General Petroleum Corporation’s (EGPC) 4.5 million-ton/year Assiut refinery in Upper Egypt (ASORC), and Middle East Oil Refining Company’s (MIDOR) 100,000-b/d refinery in Alexandria, Technip […]
Axens to provide technologies for the production of high octane gasoline in Upper Egypt
Assiut Oil Refining Company (ASORC) has selected Axens to supply technologies for its project of refinery upgrading, which consist of a new complex for the production of high octane gasoline. This project aims to satisfying domestic market needs for high quality gasoline. For this project, Axens offered: – Naphtha Hydrotreater (NHT). – Continuous catalytic Reformer […]
MIDOR & UOP sign two agreements worth $1.4 billion for oil refinery expansion
Petroleum Minister Sherif Ismail has attended the signing ceremony of two agreements on April 9th between the Middle East Oil Refinery (MIDOR) and the multinational Universal Oil Products (UOP) LLC Company, a unit of a Honeywell International, aimed at expanding MIDOR refinery with an investment of US$1.4 billion. In a press release issued by the Ministry […]