MIDOR
The step, he said, reflects NBE's pioneering role in boosting national projects that contribute to the economic development of the country, he said.
The tender is for one 30,000 tonne cargo for loading at the Dekheila port of Alexandria between May 1 to 3.
Molla stressed the importance of continuing to raise the efficiency of operations, maximize profitability and apply the latest technologies used in refining activities.
The ministry clarified that the consortium included Credit Agricole, BNP Paribas and Italy’s CDP.
The deal aims to increase the refinery lab operation capacity from the current 115,000 barrels to 175,000 daily.
Midor is currently expanding its refinery by the Italian Company Technip, seeking to increase refining capacity to 175,000 barrels per day.
The second phase of expanding MIDOR will start this year to increase the production capacity.
