Technip to modernise and expand the MIDOR refinery

Technip Italy S.p.A. and SACE announced the finalization of a joint agreement with MIDOR for a project to modernize and expand the MIDOR refinery near Alexandria, Egypt in the frame of the long-standing cooperation between Italian and Egyptian Governments and companies, especially in the Oil and Gas sector.

The investment has an estimated total value of 1.4 billion US dollars and aims at improving the production quality of the plant, considered the most advanced of the African continent, by increasing its refining capacity from 100,000 to 160,000 barrels of crude oil per day.

According to the agreement announced today, SACE commits to launch the evaluation process in order to ensure an export credit facility to support the project. Technip will in parallel start the activities on the project.

In due course, Technip will take responsibility for the EPC phase of the project.

Sponsor:

News Category:

Contracts

Other News Items

Beyond processbook & PI vision: Exploring today’s industrial analytics tools

(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...

04-06-2024
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...

16-04-2024
Yokogawa and GridBeyond conclude investment and strategic partnership agreements

Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...

16-04-2024
Heraeus Precious Metals launches Circlear

Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...

16-04-2024
EMA and JERA to cooperate on LNG procurement and supply chains

The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...

16-04-2024
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity

Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...

16-04-2024
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management

Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...

16-04-2024
Rhône Energies in talks to buy Fos-sur-Mer refinery

Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...

14-04-2024
Cenovus Energy to invest in Toledo and Lima refineries

Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...

11-04-2024
Kent plays integral role in Fawley petrochemical complex

Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical ...

11-04-2024