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Two refining subsidiaries of state firm Egyptian General Petroleum Corporation (EGPC) have signed agreements for capacity expansions, both of which involve France’s Technip. The new projects add to a growing list of refinery expansions, as EGPC pushes to catch up with growing light products demand.
Middle East Oil Refinery (Midor), Technip and Italian export credit agency SACE have signed an agreement to increase the crude distillation capacity of the Midor refinery at Alexandria, from the current 100,000 b/d to 160,000 b/d, while also increasing upgrading capacity.
Technip says the addition of a new 60,000 b/d crude distillation unit (CDU) and upgrading units at Midor is expected to cost $1.4bn. While the contractor has not given a target start-up schedule for the CDU and downstream units, EGPC said earlier that it expects the expansion to be completed for 2018 operation. (CONTINUED - 733 WORDS)
DATA INSIDE THIS ARTICLE
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