Egypt’s state-owned Middle East Oil Refinery Company (Midor)`s chairperson and CEO, Mohamed Abdel Aziz, has signed a $1.7bn contract with the chairperson of Technip Marco Villa, an Italian project for its management and construction, to maximise the production of the central petroleum products, according to a press statement by the Ministry of Petroleum.
The expansion project of Midor aims to increase its refining capacity from 115,000 barrels to 175,000 barrels per day.
The contract is worth about $1.7bn of the total project cost of about $2.2bn, and includes construction, supplies, and engineering designs.
Noteworthy, the ENPPI and Petrojet petroleum companies will also participate in the Midor refinery expansion project...