(Construction Review Online, Nairobi, 25 August 2021) Financed to the tune of US$ 1.2bn by a consortium of international banks including CDP Bank, Credit Agricole Bank, and BNP Paribas with the Italian Export Credit Agency (SACE) and the Egyptian Ministry of Finance as guarantors, the Middle East Oil Refinery (MIDOR) expansion project is being undertaken by TechnipFMC. When fully completed the facility is expected to increase the production of LPG by 107%, high-octane gasoline by 60%, jet fuel by 145%, and diesel by 45%. These are the equivalent of 280,000 million tonnes (Mt), 1.6Mt, 2.2Mt, and 2.8Mt respectively.
Date
31 August 2021
Related countries
France
Italy
Related issues
Oil & Gas
