$ 1.2 billion in Egypt to expand the “Midor” refinery for oil

Media In / WAM / 31 \ 10 \ 2018
CAIRO: The Middle East Oil Refining Company (MEEDOR) of Egypt’s General Petroleum Corporation (EGPC) has signed a final agreement with a group of banks for a $ 1.2 billion loan to finance the Midor refinery expansion project to boost oil refining capacity by 60 percent.
Egyptian Minister of Petroleum and Mineral Resources Tariq al-Mulla said that the total cost of the expansion project will reach 2.3 billion dollars. The expansion of the Midor refinery will increase the quantities produced of high-octane gasoline, jet fuel, diesel, coal and sulfur from 4.6 million tons to 7.6 million tons .