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Thursday, 28 September 2017

Oil Minister discusses MIDOR refinery development with Technip

Oil Minister Tarek El Molla met yesterday with the regional head of Italy’s Technip, Marco Villa, to discuss the company’s progress in expanding the MIDOR refinery near Alexandria and modernizing the Assiut Oil Refining Company’s (ASORC) mazut hydrocracking project, Al Shorouk reports. Villa told El Molla that Technip’s work on the projects is progressing according to schedule. Technip had announced back in 2015 that it reached a USD 1.4 bn agreement to help MIDOR expand its refining capacity to 160k barrels of crude per day, up from 100k barrels previously. The company was also contracted last year to manage the first phase of ASORC’s USD 1.6 bn hydrocracking project.

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