Midor Refines 9.3 MMBBL of Crude in Q1 2020 - DAILY NEWS EGYPT

Sunday, 19th April 2020

Middle East Oil Refinery (Midor) has refined approximately 9.3 million barrels (mmbbl) of domestic and imported crude oil in Q1 2020, according to a press release.

Gamal ElKareish, Chairman and CEO of Midor, stated that the company has produced and delivered approximately 80% of the total products to the local market. Such products include about 43,000 tons of butane, 325,000 tons of high-octane gasoline, 646,000 tons of diesel, in addition to 72,000 tons of coal and 14,000 tons of sulfur. On top of that, the company exported 265,000 tons of jet fuel to global markets.

Additionally, ElKareish added that production remains uninterrupted as a result of implementing preventive maintenance for equipment so as to maintain strategic supplies of petroleum products to the local market.

Undersea gas fires Egypt’s regional energy dreams - TIMES OF ISRAEL

NOVEMBER 18, 2018, 11:00 am

Mona Salem

Newly flowing gas from four Mediterranean fields, including the vast Zohr field, as well as deals with Israel and Cyprus, has helped ease Cairo’s financial woes

CAIRO, Egypt (AFP) — Egypt is looking to use its vast, newly tapped undersea gas reserves to establish itself as a key energy exporter and revive its flagging economy.

Encouraged by the discovery of huge natural gas fields in the Mediterranean, Cairo has in recent months signed gas deals with neighboring Israel as well as Cyprus and Greece.

Former oil minister Osama Kamal said Egypt has a “plan to become a regional energy hub.”

In the past year, gas has started flowing from four major fields off Egypt’s Mediterranean coast, including the vast Zohr field, inaugurated with great ceremony by President Abdel-Fattah el-Sissi.

Egypt lets contract for Midor refinery expansion - OIL & GAS JOURNAL

Houston, JUNE/08/2018
Robert Brelsford

The government of Egypt has let a contract to TechnipFMC PLC to provide services related to the implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt.

Signed on June 7, the $1.7-billion contract will cover construction, supplies, and engineering designs for the expansion, which aims to increase overall refining capacity at the site by 60% to 175,000 b/d, Egypt’s Ministry of Petroleum and Mineral Resources (MPMR) said.

Overall cost of Midor’s expansion project—which will include participation of Egypt’s ENPPI and Petrojet—will amount to about $2.2 billion, MOP said.

Alongside increasing Midor’s crude processing capacity, the expansion also will raise the refinery’s current LNG production by about 145,000 tonnes/year, benzene 95 by about 600,000 tpy, and jet fuel by about 1.3 million tpy.

The Midor expansion comes as part of MPMR’s integrated plan to develop, upgrade, and increase efficiency and production quality of Egypt’s refineries through implementation of a series of new projects across manufacturing sites to help meet domestic petroleum product demand as well as reduce imports from abroad, said Tariq El-Molla, Egypt’s minister of petroleum and natural resources.

Aramco likely to begin refining fuel in Egypt in 1Q2018 – officials - ENTERPRISE

Monday, 27 November 2017

Aramco likely to begin refining fuel in Egypt in 1Q2018 -officials: Saudi Aramco is likely to begin refining crude oil in Egyptian refineries in 1Q2018, an official from the Oil Ministry tells Al Shorouk, initially at the Middle East Oil Refinery (MIDOR). Egypt will receive the 700k tons of fuel per month from Aramco — under the existing five-year fuel supply agreement — for MIDOR’s refineries, with excess output being exported, the official stated. He noted that talks are still ongoing with the Saudi’s largest oil producer. Oil Minister Tarek El Molla had confirmed earlier this month that talks had been taking place with Aramco to refine fuel here and that refining would begin at some point in early 2018. This follows other reports that Aramco had agreed to a plan last month to ship crude through the SUMED pipeline and use Sidi Kerir as a center for exporting refined output to Europe.

Egypt- Petroleum Minister looks into expanding Midor refinery with Italian Technip - MENAFN - DAILY NEWS EGYPT

September 26, 2017 2:15:08 PM 

Minister of Petroleum Tarek El Molla and Chairperson of Technip Marco Villa, an Italian project management and construction company, looked into the expansions of the Middle East Oil Refinery (Midor) and the project to establish a new complex for fuel oil hydrogenic cracking in the Assiut petroleum refinery, according to a report issued by the Ministry of Petroleum on Tuesday.

The expansion project of Midor aims to increase its refining capacity from 115,000 barrels to 175,000 barrels per day.

The minister pointed out that it is necessary to adhere to the schedule agreed upon for the implementation of the two projects as well as placing them on the production map for their significance in securing the supply of fuel to the local market and in limiting imports.

Egypt has so far received half of contracted Iraqi crude shipments –source - ENTERPRISE / AL MAL

Sunday, 30 July 2017

Egypt has so far received half of its contracted 12 mn bbl of Iraqi crude oil scheduled for delivery in 2017, a source tells Al Mal. 

The latest shipment is the third since May. 

Refiner MIDOR received 50% of the total oil delivered, while AMOC got 14%. 

A portion of the refined product is re-exported back to Iraq.

Emirati Fleet Energy granted approval to import LNG from Egypt - ENERGY EGYPT / EGYPT OIL & GAS

July 4, 2017

UAE’s Fleet Energy Inc. has been granted approval to import liquefied natural gas (LNG) from Egypt. The Egyptian National Gas Holding Company (EGAS) has granted the Emirati company initial approval in response to a request submitted late April 2017, the company informed Egypt Oil & Gas.

The quantity to be imported and value of the deal are yet to be announced.
Fleet Energy has a strong history with the Egyptian government, starting from 2010, when the company was awarded the right to process 1.5 million barrels per month of crude oil at MIDOR refinery, the products of which were sold back to the Egyptian General Petroleum Corporation (EGPC).

MIDOR increase refining capacity by 109% y-o-y in 1Q2017 - ENTERPRISE

Wednesday, 7 June 2017

Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% y-o-y in 1Q2017 to 3.9 mn bbl of refined crude, a source tells Al Shorouk. The increase is fueled by the USD 20 mn spent on the first phase of its expansion plan, which started in January. 

MIDOR targets bringing its refining capacity up by another 15% y-o-y in FY2017 to 39 mn bbl of refined crude. MIDOR produced 150,000 tonnes of butane and 1.7 mn tonnes of diesel last year, according to preliminary results.

How is the Egyptian General Petroleum Authority coping with fuel shortages after Saudi Arabia rescinded on a deal to provide Egypt with petrol and diesel shipments - ZAWYA / AL AHRAM WEEKLY

18 March 2017

Ahmed Ismail

Egypt’s Ministry of Petroleum and Mineral Resources is seeking a deal with the Iraqi government to import around one million barrels of crude oil to meet some of the Egyptian market’s petroleum needs after the Saudi company Aramco stopped deliveries of petrol and diesel fuel to Egypt in October.

According to Tarek Al-Hadidi, CEO of the Egyptian General Petroleum Authority (EGPA), the first shipment of Iraqi crude oil is scheduled in March “to be processed at Egyptian refineries and produce petroleum outputs for the domestic market.”

MIDOR raises refining capacity by 15% - ENTERPRISE

Wednesday, 8 February 2017

MIDOR has raised its daily refining capacity by 15% to 115k bbl in January 2017, an unnamed official at the company told Reuters. The increase is attributed to the USD 20 mn first phase of the company’s expansion plan, he added.

The second phase begins in 2H2017 to raise the daily capacity to 160k bbl, the official said.

The Oil Ministry has reportedly hinted last week that it is looking at using excess capacity at MIDOR to refine imported Iraqi crude.

Oil Ministry studies refining Iraqi crude at MIDOR - ENTERPRISE / AL MAL

Monday, 30 January 2017

The Oil Ministry is studying refining Iraqi crude at the Middle East Oil Refinery (MIDOR), unnamed sources tell Al Mal. MIDOR is seen as the most capable of refining Iraqi crude, but the refinery is currently running at full capacity, the source added. If capacity is not freed at MIDOR, sources say other options include refining at the Amreya Petroleum Refining Company or the Alexandria Petroleum Company. 

Iraqi crude, which is scheduled to arrive between February and March, can provide 9-10% of domestic demand for refined petroleum products, the source added. Egypt is set to import 1 mn bbl of crude from Iraq each month.

EGPC poses tender to replace Aramco fuel shipments in January - DAILY NEWS EGYPT

Tuesday December 19, 2016

Mohamed Adel

The Egyptian General Petroleum Corporation is set to pose a tender to supply all needs of the domestic market of petroleum products in January, replacing the Saudi Aramco shipments, which were halted since October. A government source told Daily News Egypt that Aramco’s contract to supply 700,000 tonnes of petroleum products per month was stopped, …

The Egyptian General Petroleum Corporation is set to pose a tender to supply all needs of the domestic market of petroleum products in January, replacing the Saudi Aramco shipments, which were halted since October.

A government source told Daily News Egypt that Aramco’s contract to supply 700,000 tonnes of petroleum products per month was stopped, with no talks of resuming it. He added that Egypt is now on the lookout for an alternative source of fuel with a facilitated payment option.

Egypt studies 8 state-owned oil companies for IPO or share - HYDROCARBON PROCESSING / REUTERS

3 August 2016

(Reuters) Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday.

The Egyptian presidency announced in January that Egypt would soon offer shares of "successful" state-owned companies and banks on the local bourse - its first public offering of government-owned firms since 2005, when it offered shares in Telecom Egypt, AMOC, and Sidi Kerir.

"We sent the names of eight petroleum companies to the Ministry of Investment last week to be studied, paving the way to issuing some of their shares on the bourse or increasing their capital," El Molla said in a phone interview with Reuters.

Egypt's Midor signs $1.2 billion loan agreement - REUTERS

Tue Feb 23, 2016, CAIRO

Feb 23 Egypt's state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said on Tuesday.

The loan represents around 80 percent of the cost of its $1.4 billion Alexandria refinery lab expansion, while the remaining $230 million will be self-financed, Midor Chairman Mohamed Abdel Aziz said.

The agreement was signed by Abdel Aziz with the heads of a banking consortium that includes French banks Credit Agricole and BNP Paribas and Italy's CDP.

The expansion at Midor aims to increase the company's refining capacity to 160,000 barrels per day (bpd) from 100,000 bpd.

Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of more than 80 million.

Italy eyes energy projects in Egypt - ENERGY EGYPT / DAILY NEWS EGYPT

February 4, 2016

Italian Minister of Economy Federica Guidi previously said Egypt is keen on attracting Italian investments

Italy has agreed to upgrade Egypt’s Middle East Oil Refinery (MIDOR), participate in building a complex for petrochemical industries in Ain Sokhna, and update a number of combined-cycle power plants.

The projects are also expected to increase energy efficiency, Head of the Cairo’s Egyptian-Italian Business Council Khaled Abu Bakr said in statements on Wednesday, state-run news agency MENA reported.

Credit Agricole, BNP Paribas to finance Egypt's oil refinery expansion - AHRAM ONLINE

Egypt's petroleum minister Tarek El Molla during a 
meeting (Photo: Egyptian Ministry of Petroleum website)

Ahram Online , Monday 4 Jan 2016

Egypt's oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank and the Italian export development authority, oil minister Tarek El-Molla told Egyptian state news daily Al-Ahram.

MIDOR signed in April two deals worth $1.4 billion with US-based engineering company UOP to design the expansion of the refinery, raising its capacity to 160,000 barrels per day from 100,000 barrels per day.

The project, which starts this year and will span over three years, would allow Egypt to cut its petroleum product imports and export refined oil products, raising sources of foreign currency, according to Al-Ahram.