A press release to Egypt Oil&Gas stated that the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, attended Middle East Oil Refinery (MIDOR)’s 1st distillation tower tests.
El Molla stated that the oil and gas sector adapted a strategy to increase the efficiency of refineries through renewing production units in existing refineries and establishing new refineries with total cost more than $8b in Cairo, Alexandria, Asyut and Suez. This aims to increase local petroleum production to cover local markets demands without decreasing usage of USD reserves.
MIDOR’s distillation tower was established in Alexandria to increase MIDOR’s production capacity by 15% from 100,000b/d to 115,000b/d of petroleum products, benzene, diesel, butane, naphtha, sulfur and coal. The project’s investments are $20m and it was established by Egypt’s Enppi and Petrojet.
MIDOR’s CEO, Mohamed Abdel Aziz, explained the distillation tower project stating that it will increase production capacity and boost units’ flexibility to process different types of crude oil which will increase production and decrease expenditure. It will increase the plant’s supply from 3mb/m to 3.5mb/m of crude.
He added that finalizing the 1st phase of the project is essential to execute the 2nd phase, which will increase MIDOR’s production capacity by 60% to be 175,000b/d with total investments $1.85b.