Did Aramco sign an agreement to refine fuel at MIDOR?

Did Aramco sign an agreement to refine fuel at MIDOR? Saudi Arabia may have given a boost to our regional energy hub ambitions, with Aramco reportedly having signed an agreement that will see it refine some of its crude through the Middle East Oil Refinery (MIDOR), sources tell Al Borsa. The agreement was signed by Aramco “weeks ago,” the sources said, adding that refined fuel will be sold to EGPC under an offtake agreement. Other refined products will be sold directly to Egyptian companies. Aramco will begin sending shipments as early as next month. The size of the contract is expected to be announced by the both countries’ oil ministers at some later date, they added. Aramco had agreed to a plan last month to ship crude through the SUMED pipeline and use Sidi Kerir as a center for exporting refined output to Europe. It was also considering using the storage capacity in Egypt.