MIDOR Increases Refining Capacity
An official at Middle East Oil Refinery (MIDOR) told Al Shorouk News that MIDOR raised its refining capacity by 109% in the 1st quarter of 2017, compared to the same period in 2016. The refinery’s capacity reached 3.9m barrels.
MIDOR aims to increase its refining capacity by 15% throughout 2017 to 39m barrels from 33.3m barrels of oil refined in 2016.
The refinery’s preliminary results showed that the facility produced 150,000 tons of butane and 1.7m tons of diesel in 2016.
The capacity increased is powered by the expansions in MIDOR. According to the official, the expansions started in January 2017.
In related news, the Egyptian Parliament had approved the draft law submitted by the government allowing the Ministry of Finance to guarantee Middle East Oil Refinery (MIDOR) and Assiut Oil Refining Company (ASORC) their $2.6b fund from the Financial and Insurance Products and Services (Sace).
The fund is aimed for an expansion project in MIDOR that would increase production by 73% to be 5m tons of diesel and Jet Fuel, 105m tons of benzene, 276,000 tons of butane, 140,000 tons of sulfur, and 276,000 tons of coal.