Thursday, November 21, 2024

MIDOR’s new developments set the company as a model for attracting investments into Egypt’s Energy sector

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Eng. Karim Badawi, Minister of Petroleum and Mineral Resources inspected the trial operation of all production units at the MIDOR Refinery in Alexandria in light of the completion of the company’s new expansions, which increased its production to currently reach 160 thousand barrels per day and now thrive 25% of gasoline and diesel supplies to the local market.

The Minister stressed that the success of MIDOR as an integrated system and its utilization of resources set the company as a model for attracting new investments to the petroleum sector and maximizing Egypt’s competitiveness as a regional energy center, stressing the importance of applying occupational health & safety rules and regulations, as well as, set ground rules for protecting the environment as a priority for safe operations, increasing production, attracting investments and sustaining returns.

Eng. Salah Gaber, Chairman of the Middle East Refining Company (MIDOR), explained that the investments in the new expansions of the refinery amounted to $2.7 billion and that in addition to the expansions, the existing units were developed. Adding that the project was implemented by the Italian company Technip through the Egyptian petroleum sector companies, Enppi and Petrojet.

The tour was attended by the Geologist Alaa El Batal, CEO of the Egyptian General Petroleum Corporation, Engineer Hassanein Mohamed, Head of the Central Administration of the Minister’s Office, Engineer Mahmoud Nagi, Head of the Central Administration for Transportation and Marketing, Chemist Gamal Fathy, Advisor to the Minister for Occupational Safety and Health, Ahmed Randy, Undersecretary of the Ministry of Communications, Engineer Khaled El Badry, Undersecretary of the Ministry for Projects, Engineer Walid Lotfy, Chairman of Petrojet, Engineer Wael Lotfy, Chairman of Enppi, Engineer Hossam Asaad, Chairman of EPROM, and Chemist Mohamed Ali, Vice Chairman of the Petroleum Authority for Refining.

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