Oil Minister Tarek El Molla says Egypt is eying the privatization of several downstream firms including Ethydco, 100,000 b/d refiner Midor (set for expansion to 160,000 b/d) and fertilizers firm Mopco.

“We sent the names of eight petroleum firms to the Ministry of Investment last week, paving the way to issuing some of their shares on the bourse or increasing their capital,” he told Reuters. Last month Egypt said it was also considering the privatization of state banks (MEES, 29 July). (CONTINUED - 190 WORDS)