Gulf Oil and Gas accountACCOUNT

$1bln to Increase Capacity of Midor Refinery

Source: Al Ahram 8/10/2014, Location: Africa

Share |
Engineer Sherif Ismail, Minister of Petroleum and Mineral Resources, laid the foundation stone for the Midor expansions to increase operational capacity of the plant from 100 to 160 thousand barrels per day, a growth rate of 60%, which leads to maximize the production of distillates, especially Central and diesel fuel through the maximum benefit .

From units and the possibilities of the current lab and keep pace with international standards and future access to high quality products, as well as Satisfy the needs of the domestic market of petroleum products.

The total investment cost estimated for the expansions around one billion dollars.

Also , Minister of Petroleum and Tariq Al-Mulla, chief executive of the Petroleum Corporation signed a contract feasibility studies and technical Midor between the company and UOP Global Entrepreneur licenses for many of the units lab.

Dr. Mohamed Abdel Aziz , the Chairman & CEO of Midor clarified that the study show a high economic feasibility of these expansions, where will be transferred Midor from the third generation to the fourth generation in terms of technological techniques, pointing out that he planned to start in business expansions during this year and the completion of the implementation by the end of 2017.

He Confirmed continuation of regular operation of all units of the plant during the implementation processes, pointing out that the total expected quantities of the annual products after these expansions will rise to about 240 thousand tons of butane gas and 3.1 million tons of gasoline, high-octane and 2.1 million tons of jet fuel, high-quality and about 4 million tons of diesel fuel.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Investment News in Egypt >>

Egypt >>  5/23/2018 - Supporting the modernisation of Egypt’s oil industry, the EBRD is providing a US$200 million for major investments in energy efficiency and refurbishm...
Tanzania >>  5/14/2018 - Swala Oil & Gas (Tanzania) plc announced that Orca Exploration Group Inc. (“Orca”) has agreed to an additional extension to the date by which the seco...

United Arab Emirates >>  5/13/2018 - The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to ...
Iran >>  4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

Oil & Gas Projects in Egypt >>

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.